XML 19 R9.htm IDEA: XBRL DOCUMENT

Marketable Equity Securities

9 Months Ended

Sep. 30, 2016

Marketable Securities, Equity Securities [Abstract]

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)	September 30, 2016	December 31, 2015
Marketable equity securities at fair value	$1,098	$ 202
Cost	274	91
Accumulated other comprehensive (loss) income for unrealized holding gains	824	111
Deferred taxes on accumulated other comprehensive income for unrealized holding gains	(264)	-
Accumulated other comprehensive income	$560	$111

The following table represents changes in marketable equity securities.

(in thousands)	Three months ended September 30,		Nine months ended September 30,
	2016	2015	2016	2015
Gross cash proceeds	$ 16	$ 290	$ 56	$ 809
Cost	6	1,623	16	1,778
Gross gain (loss) on sale included in earnings during the period	10	(1,333)	40	(969)
Deferred taxes on gross gain on sale included in earnings	(4)	-	(15)	-
Reclassification adjustment to unrealized gain in other comprehensive income for net gains included in earnings	(6)	1,333	(25)	969
Gross unrealized holding (loss) gain arising during the period included in other comprehensive loss	83	(647)	753	(1,310)
Deferred taxes on unrealized holding gain included in other comprehensive loss	(31)	-	(279)	-
Clearing of disproportionate tax effect for deferred taxes on unrealized holding losses included in other comprehensive loss	-	1,558	-	1,558
Net unrealized holding gain	52	911	474	248
Other comprehensive income from marketable equity securities	$46	$2,244	$449	$1,217