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INVESTMENTS: | 9 Months Ended
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Sep. 30, 2013
Investments [Abstract] |
Investments [Text Block] | 5. INVESTMENTS: The Company’s investments (short-term and long-term) consist of the following:
|  | Amortized Cost Basis |  | Gross Unrealized Losses |  | Gross Unrealized Gains |  | Fair Value |
|  | (In thousands) |
September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 1,049 |  | $ | (21) |  | $ | 8 |  | $ | 1,036 |
Mutual funds |  |  | 2,329 |  |  | (100) |  |  | — |  |  | 2,229 |
Total investments |  | $ | 3,378 |  | $ | (121) |  | $ | 8 |  | $ | 3,265 |
|  | Amortized Cost Basis |  | Gross Unrealized Losses |  | Gross Unrealized Gains |  | Fair Value |
|  | (In thousands) |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 85 |  | $ | — |  | $ | 107 |  | $ | 192 |
Mutual funds |  |  | 1,512 |  |  | (11) |  |  | 1 |  |  | 1,502 |
Total investments |  | $ | 1,597 |  | $ | (11) |  | $ | 108 |  | $ | 1,694 |
The following tables show the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
|  | Fair Value < 1 Year |  | Unrealized Losses < 1 Year |  | Fair Value > 1 Year |  | Unrealized Losses > 1 Year |  | Total Unrealized Losses |
|  | (In thousands) |
September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | $ | 912 |  | $ | (21) |  | $ | — |  | $ | — |  | $ | (21) |
Mutual funds |  |  | 2,228 |  |  | (100) |  |  | — |  |  | — |  |  | (100) |
Total investments |  | $ | 3,140 |  | $ | (121) |  | $ | — |  | $ | — |  | $ | (121) |
|  | Fair Value < 1 Year |  | Unrealized Losses < 1 Year |  | Fair Value > 1 Year |  | Unrealized Losses > 1 Year |  | Total Unrealized Losses |
|  | (In thousands) |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  | $ | 1,235 |  | $ | (11) |  | $ | — |  | $ | — |  | $ | (11) |
Total investments |  | $ | 1,235 |  | $ | (11) |  | $ | — |  | $ | — |  | $ | (11) |
The Company’s investments in debt securities are sensitive to interest rate fluctuations, which impact the fair value of individual securities. Unrealized losses on the Company’s investments in debt securities have occurred due to volatility and liquidity concerns within the capital markets during the quarter ended September 30, 2013. The amortized cost and estimated fair value of debt securities at September 30, 2013, by contractual maturity, are shown below.
|  | Amortized Cost Basis |  | Fair Value |
|  | (In thousands) |
Within 1 year |  | $ | 1,031 |  | $ | 1,016 |
After 1 year through 5 years |  |  | 18 |  |  | 20 |
Total debt securities |  | $ | 1,049 |  | $ | 1,036 |
A primary objective in the management of the fixed maturity portfolios is to maximize total return relative to underlying liabilities and respective liquidity needs. In achieving this goal, assets may be sold to take advantage of market conditions or other investment opportunities, as well as tax considerations. Sales will generally produce realized gains or losses. In the ordinary course of business, the Company may sell securities for a number of reasons, including, but not limited to: (i) changes to the investment environment; (ii) expectation that the fair value could deteriorate further; (iii) desire to reduce exposure to an issuer or an industry; (iv) changes in credit quality; and (v) changes in expected cash flow. Available-for-sale securities were sold as follows:
|  | Three Months Ended September 30, 2013 |  | Nine Months Ended September 30, 2013 |  | Three Months Ended September 30, 2012 |  | Nine Months Ended September 30, 2012 |
|  | (In thousands) |
Proceeds from sales |  | $ | 300 |  | $ | 1,053 |  | $ | 719 |  | $ | 6,286 |
Gross realized gains |  |  | — |  |  | — |  |  | 11 |  |  | 30 |
Gross realized losses |  |  | — |  |  | — |  |  | — |  |  | (98) |

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- Definition Includes all investments held by the company under the equity, cost and the fair value methods. Represents total on the balance sheet. Includes the components of investment income (loss), net. + References No definition available. + Details
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- Details
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