Financial Instruments
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Financial instruments

Note 18 - Financial instruments:

The following table summarizes the valuation of our marketable securities on a fair value basis as of December 31, 2015 and 2016:

 

 

 

Fair value measurements

 

 

Total

 

 

Quoted

prices

in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

 

Significant

unobservable

inputs

(Level 3)

 

 

(In thousands)

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

$

19,260

 

 

$

19,260

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

$

49,731

 

 

$

49,731

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure as December 31, 2015 and 2016:

 

 

December 31, 2015

 

 

December 31, 2016

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

 

(In thousands)

 

Cash, cash equivalents and restricted cash

$

100,981

 

 

$

100,981

 

 

$

98,242

 

 

$

98,242

 

Noncontrolling interest in CompX common stock

 

15,301

 

 

 

18,878

 

 

 

16,350

 

 

 

26,790

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The fair value of our noncontrolling interest in CompX stockholders’ equity is based upon its quoted market price at each balance sheet date, which represents Level 1 inputs.  Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value.