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Marketable Equity Securities

3 Months Ended

Mar. 31, 2015

3. Marketable equity securities

Solitario's investments in marketable equity securities are classified as available-for-sale and are carried at fair value, which is based upon quoted prices of the securities owned. The cost of marketable equity securities sold is determined by the specific identification method. Changes in market value are recorded in accumulated other comprehensive income or loss within shareholders' equity, unless a decline in market value is considered other than temporary, in which case the decline is recognized as a loss in the consolidated statement of operations.

The following tables summarize Solitario’s marketable equity securities and accumulated other comprehensive income related to its marketable equity securities:

(in thousands)	March 31, 2015	December 31, 2014
Marketable equity securities at fair value	$1,710	$2,308
Cost	1,869	1,869
Accumulated other comprehensive (loss) income for unrealized holding gains	(159)	439
Deferred taxes on accumulated other comprehensive income for unrealized holding gains	(1,559)	(1,559)
Accumulated other comprehensive income	$(1,718)	$(1,120)

The following table represents changes in marketable equity securities.

(in thousands)	Three months ended March 31,
	2015	2014
Gross cash proceeds	$ -	$350
Cost	-	50
Gross gain on sale included in earnings during the period	-	300
Deferred taxes on gross gain on sale included in earnings	-	(105)
Valuation allowance on deferred taxes on gross gain on sale included in earnings	-	105
Reclassification adjustment to unrealized gain in other comprehensive income for net gains included in earnings	-	(300)
Gross unrealized holding (loss) gain arising during the period included in other comprehensive loss	(598)	586
Deferred taxes on unrealized holding (loss) gain included in other comprehensive loss	207	(204)
Valuation allowance on deferred taxes on unrealized holding losses included in other comprehensive loss	(207)	104
Net unrealized holding (loss) gain	(598)	486
Other comprehensive (loss) income from marketable equity securities	$(598)	$186

- Definition

Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.

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