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Marketable Equity Securities
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Marketable Equity Securities

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)    June 30,     2016  December 31,     2015
  Marketable equity securities at fair value $1,029  $    202 
  Cost 278     91 
  Accumulated other comprehensive (loss) income for
    unrealized holding gains		 751  111 
  Deferred taxes on accumulated other comprehensive
    income for unrealized holding gains		 (237) -  
Accumulated other comprehensive income $514  $111 

         

The following table represents changes in marketable equity securities.

 

(in thousands) Three months ended
June 30,		 Six months ended
June 30,
  2016 2015 2016 2015
Gross cash proceeds $  40  $ 519  $  40  $ 519 
Cost 10  155  10  155 
Gross gain on sale included in earnings during the period 30  364  30  364 
Deferred taxes on gross gain on sale included in earnings (11) (126) (11) (126)
Valuation allowance on deferred taxes on gross gain on sale included in earnings -   126  -   126 
Reclassification adjustment to unrealized gain in other
   comprehensive income for net gains included in earnings		 (19) (364) (19) (364)
Gross unrealized holding (loss) gain arising during the period
   included in other comprehensive loss		 501  (65) 670  (663)
Deferred taxes on unrealized holding (loss) gain included in
   other comprehensive loss		 (186) 23  (248) 230 
Valuation allowance on deferred taxes on unrealized holding losses included in other comprehensive loss -   (23) -   (230)
Net unrealized holding (loss) gain 315  (65) 422  (663)
Other comprehensive loss from marketable equity securities $(296) $(429) $403  $(1,027)