| Investments |
Note 2. Investments
The cost and estimated fair value of the investments are as follows:
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Gross
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Gross
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Fair
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unrealized
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unrealized
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value
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Cost
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gain
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loss
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December 31, 2013
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Money Market Funds
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$
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540
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$
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0
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$
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0
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$
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540
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Commercial Paper
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601
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0
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0
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601
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Treasury Bills
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5,226
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1
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0
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5,227
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Equity Securities
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86
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2,686
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(54)
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2,718
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6,453
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2,687
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(54)
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9,086
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Less Cash Equivalents
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1,141
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0
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0
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1,141
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Total Investments, December 31, 2013
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$
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5,312
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$
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2,687
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$
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(54)
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$
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7,945
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December 31, 2012
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Money Market Funds
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$
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804
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$
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0
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$
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0
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$
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804
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Commercial Paper
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200
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0
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0
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200
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Treasury Bills
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5,249
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0
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(1)
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5,248
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Equity Securities
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92
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3,639
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(54)
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3,677
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6,345
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3,639
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(55)
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9,929
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Less Cash Equivalents
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1,004
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0
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0
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1,004
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Total Investments, December 31, 2012
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$
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5,341
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$
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3,639
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$
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(55)
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$
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8,925
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Realized gains and losses on investments are as follows:
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Years Ended December 31,
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2013
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2012
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Gross Realized Gains
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$
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530
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$
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794
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Gross Realized Losses
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0
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0
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Net Realized Gain
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$
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530
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$
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794
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At December 31, 2013 and 2012, the Company’s significant investment in equity securities is 231,336 and 273,267, respectively, shares of Rudolph, accounted for under the available-for-sale method. As of December 31, 2013 and 2012, the aggregate value of the Company’s Rudolph shares as reported on the Nasdaq Stock Exchange was approximately $2,716 and $3,673, respectively, with an approximate cost of $30 and $36, respectively. During the years ended December 31, 2013 and 2012, the Company sold 41,931 and 70,000 shares, respectively, of Rudolph stock and reported a gain of $529 and $794, respectively, in other income.
Changes in Accumulated Other Comprehensive Income
Changes in Accumulated Other Comprehensive Income are as follows:
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December 31,
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2013
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2012
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Unrealized Gains (Losses)
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Unrealized Holding Gains (Losses) arising during the Period
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$
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(422)
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$
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1,299
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Less: reclassification of gains included in net income
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530
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794
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(952)
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505
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Deferred Taxes on Unrealized Gains (Losses):
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Increase in Deferred Taxes on Unrealized Gains (Losses) arising during the Period
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(160)
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494
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Less: Reclassification of taxes on gains included in net income
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201
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302
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(361)
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192
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Net Change in Accumulated Other Comprehensive Income
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$
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(591)
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$
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313
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