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Fair Value Measurements
 6 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 5. Fair Value Measurements

The following table provides information on the Company's investment assets measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount
in condensed
consolidated
balance sheet
June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value
June 30, 2012

 

Fair Value Measurement Using

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Paper

 

$

5,447,000

 

$

5,447,000

 

$

5,447,000

 

$

0

 

$

0

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

$

2,996,000

 

$

2,996,000

 

$

2,996,000

 

$

0

 

$

0

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount
in condensed
consolidated
Balance Sheet
December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value
December 31, 2011

 

Fair Value Measurement Using

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Paper

 

$

5,373,000

 

$

5,373,000

 

$

5,373,000

 

$

0

 

$

0

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities

 

$

3,181,000

 

$

3,181,000

 

$

3,181,000

 

$

0

 

$

0

 

.The fair value of the commercial paper and equity securities is based on quoted market prices in an active market. Closing stock prices are readily available from active markets and are used as being representative of fair value. The Company classifies these securities as level 1.