Quarterly report pursuant to Section 13 or 15(d)

Available For Sale ("AFS") Securities

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Available For Sale ("AFS") Securities
3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Available For Sale (AFS) Securities
Available For Sale (“AFS”) Securities

At March 31, 2014, the Company held $0.6 million of AFS equity securities at an unrealized gain of approximately $0.1 million. Unrealized gains relating to AFS securities are recognized in accumulated other comprehensive income (loss), net of its related taxes.

At March 31, 2013, the Company held $7.1 million of AFS equity securities at an unrealized gain of $1.4 million. During the three months ended June 30, 2013, the Company sold this investment for proceeds of approximately $5.9 million and recorded a realized gain of approximately $0.1 million.