Quarterly report pursuant to Section 13 or 15(d)

Available For Sale ("AFS") Securities

Available For Sale ("AFS") Securities
6 Months Ended
Jun. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
Available For Sale (AFS) Securities
Available For Sale (“AFS”) Securities

At March 31, 2013, the Company held $7.1 million of common stock 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. Unrealized gains or losses relating to AFS securities were historically accounted for by adjusting the carrying amount of the securities. An offsetting entry after the adjustment for taxes at the Company's corporate effective tax rate, when applicable, was recognized in accumulated other comprehensive income (loss).