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Document And Entity Information (USD $)
In Thousands, except Share data, unless otherwise specified |
9 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2010
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Feb. 08, 2012
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Sep. 30, 2010
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|
| Entity Registrant Name | CAPITAL SOUTHWEST CORP | ||
| Entity Central Index Key | 0000017313 | ||
| Current Fiscal Year End Date | --03-31 | ||
| Entity Well-known Seasoned Issuer | No | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Filer Category | Accelerated Filer | ||
| Entity Public Float | $ 250,728,582 | ||
| Entity Common Stock, Shares Outstanding | 3,754,538 | ||
| Document Fiscal Year Focus | 2011 | ||
| Document Fiscal Period Focus | Q3 | ||
| Document Type | 10-Q | ||
| Amendment Flag | false | ||
| Document Period End Date | Dec. 31, 2011 |
| X | ||||||||||
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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| X | ||||||||||
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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| X | ||||||||||
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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| X | ||||||||||
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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| X | ||||||||||
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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| X | ||||||||||
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other. No definition available.
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| X | ||||||||||
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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| X | ||||||||||
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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| X | ||||||||||
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
Dec. 31, 2011
|
Mar. 31, 2011
|
||||
|---|---|---|---|---|---|---|
| Investments at market or fair value | ||||||
| Companies more than 25% owned (Cost: December 31, 2011 - $14,870, March 31, 2011 - $25,521) | $ 320,032 | $ 310,181 | ||||
| Companies 5% to 25% owned (Cost: December 31, 2011 - $14,003, March 31, 2011 - $14,049) | 97,420 | 83,335 | ||||
| Companies less than 5% owned (Cost: December 31, 2011 - $59,820, March 31, 2011 - $58,784) | 62,323 | 95,757 | ||||
| Total investments (Cost: December 31, 2011 - $88,693, March 31, 2011 - $98,354) | 479,775 | [1] | 489,273 | [1] | ||
| Cash and cash equivalents | 63,216 | 45,498 | ||||
| Receivables | ||||||
| Dividends and interest | 5,991 | 523 | ||||
| Affiliates | 290 | 340 | ||||
| Pension assets | 7,684 | 7,398 | ||||
| Other assets | 161 | 182 | ||||
| Total assets | 557,117 | 543,214 | ||||
| Liabilities | ||||||
| Other liabilities | 569 | 574 | ||||
| Pension liability | 1,318 | 1,257 | ||||
| Income taxes payable | 1,249 | |||||
| Deferred income taxes | 2,231 | 2,150 | ||||
| Total liabilities | 5,367 | 3,981 | ||||
| Net Assets | ||||||
| Common stock, $1 par value: authorized, 5,000,000 shares; issued, 4,339,416 shares at December 31, 2011 and 4,337,916 shares at March 31, 2011 | 4,339 | 4,338 | ||||
| Additional capital | 177,975 | 173,905 | ||||
| Accumulated net investment income | 2,290 | 872 | ||||
| Accumulated net realized gain (loss) | 0 | (6,863) | ||||
| Unrealized appreciation of investments | 391,083 | 390,918 | ||||
| Treasury stock - at cost on 584,878 shares | (23,937) | (23,937) | ||||
| Total net assets | 551,750 | 539,233 | ||||
| Total liabilities and net assets | $ 557,117 | $ 543,214 | ||||
| Net asset value per share (on the 3,754,538 shares outstanding at December 31, 2011 and 3,753,038 shares outstanding at March 31, 2011) | $ 146.95 | $ 143.68 | ||||
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| X | ||||||||||
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- Definition
Fair value as of the balance sheet date of investments, in which the Company owns between 5% and 25% of the voting securities. No definition available.
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| X | ||||||||||
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- Definition
Fair value as of the balance sheet date of investments, in which the Company owns more than 25% of the voting securities. No definition available.
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of dividends declared and interest earned but not received. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The sum of liabilities and net assets. No definition available.
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| X | ||||||||||
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- Definition
Net asset value per share No definition available.
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| X | ||||||||||
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- Definition
Fair value as of the balance sheet date of investments, in which the Company owns less than 5% of the voting securities. No definition available.
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net of assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount for all deferred tax liabilities as of the balance sheet date arising from temporary differences between accounting income in accordance with generally accepted accounting principles and tax-basis income that will result in future taxable income exceeding future accounting income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This represents the entire liability recognized in the balance sheet that is associated with the defined benefit pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This represents the entire assets recognized in the balance sheet that are associated with the defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
For an unclassified balance sheet, amount of receivables due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the excess of the cost (face amount, notional amount) of an investment (security, contract) over its fair value which deficiency has not been recognized in earnings of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
A segregation of retained earnings which is available for dividend distribution. Earnings not paid out as dividends but instead reinvested in the core business or used to pay off debt. Unappropriated profit is part of shareholder equity. Also called cumulative distributions or earned surplus or accumulated earnings or unappropriated profit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the accumulated amount as of the reporting date of undistributed income derived from the gain (loss) on sale of properties which is otherwise disclosed. The purpose of separately disclosing such information is to distinguish between income generated from the gain (loss) attributable to the sale of a real estate investment trust's portfolio properties and the operation of such properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Dec. 31, 2011
|
Mar. 31, 2011
|
|---|---|---|
| Investments at market or fair value | ||
| Companies more than 25% owned, Cost | $ 14,870 | $ 25,521 |
| Companies 5% to 25% owned, Cost | 14,003 | 14,049 |
| Companies less than 5% owned, Cost | 59,820 | 58,784 |
| Total investments, Cost | $ 88,693 | $ 98,354 |
| Net Assets | ||
| Common stock, par value (in dollars per share) | $ 1 | $ 1 |
| Common stock, authorized (in shares) | 5,000,000 | 5,000,000 |
| Common stock, issued (in shares) | 4,339,416 | 4,337,916 |
| Treasury stock (in shares) | 584,878 | 584,878 |
| Net asset value per share (in shares) | 3,754,538 | 3,753,038 |
| X | ||||||||||
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- Definition
Cost as of the balance date of investments, in which the the Company owns between 5% to 25% of the voting securities. No definition available.
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| X | ||||||||||
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- Definition
Cost as of the balance date of investments, in which the the Company owns more than 25% of the voting securities. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Total number of shares outstanding utilized to calculate net asset value per share. No definition available.
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| X | ||||||||||
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- Definition
Cost as of the balance date of investments, in which the the Company owns less than 5% of the voting securities. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Cost of the investment. No definition available.
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| X | ||||||||||
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Investment income: | ||||
| Interest | $ 506 | $ 328 | $ 1,444 | $ 1,078 |
| Dividends | 4,955 | 1,899 | 6,148 | 4,860 |
| Management and directors' fees | 163 | 135 | 486 | 554 |
| Revenues total | 5,624 | 2,362 | 8,078 | 6,492 |
| Operating expenses: | ||||
| Salaries | 588 | 526 | 1,571 | 1,389 |
| Stock option expense | 253 | 245 | 757 | 713 |
| Net pension benefit | (75) | (73) | (225) | (218) |
| Professional fees | 202 | 204 | 741 | 617 |
| Other operating expenses | 244 | 207 | 739 | 646 |
| Total operating expenses | 1,212 | 1,109 | 3,583 | 3,147 |
| Income before income taxes | 4,412 | 1,253 | 4,495 | 3,345 |
| Income tax expense | 27 | 26 | 74 | 74 |
| Net investment income | 4,385 | 1,227 | 4,421 | 3,271 |
| Proceeds from disposition of investments | 13,417 | (4,219) | 31,956 | 74,836 |
| Cost of investments sold | 14,528 | 0 | 20,628 | 4,510 |
| Realized (gain) loss on investments before income tax | 1,111 | 4,219 | (11,328) | (70,326) |
| Income tax expense | 1,249 | 24,578 | 1,249 | 24,578 |
| Net realized gain (loss) on investments | (2,360) | (28,797) | 10,079 | 45,748 |
| Net increase (decrease) in unrealized appreciation of investments | 48,798 | 21,837 | 165 | (20,545) |
| Net realized and unrealized gain (loss) on investments | 46,438 | (6,960) | 10,244 | 25,203 |
| Increase (decrease) in net assets from operations | $ 50,823 | $ (5,733) | $ 14,665 | $ 28,474 |
| X | ||||||||||
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- Definition
The costs of investments sold by an entity during the reporting period. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of net assets from operations. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period of the excess of the cost (face amount, notional amount) of an investment (security, contract) over its fair value which deficiency has not been recognized in earnings of the entity. No definition available.
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| X | ||||||||||
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- Definition
This item represents the gain (loss) realized during the period from the sale of investments before income tax. No definition available.
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| X | ||||||||||
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- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue recognized in the period for (1) performance (incentive) fees based on the investment results achieved for management of certain institutional accounts and hedge funds, (2) schedule-based fees earned for management of mutual funds and closed-end funds, based either on average daily net assets or on a combination of the average daily net assets and gross income, and (3) other investment management and advisory fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Earned dividend income on equity securities that are part of the trading and investment portfolios owned by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Interest generated from day to day operating activities of the business. This element represents a revenue generating activity and is therefore gross (before any related cost of revenue items). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The income earned from investments in securities and property, equipment and other capital assets. It includes rent from property and equipment, dividends from shares in corporations, and interest from bonds, loans, mortgages, derivatives, commercial paper, bank accounts, certificates of deposits, treasuries, and other financial securities. It does not include realized gains and losses on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of pension benefit costs recognized during the period for (1) defined benefit plans and (2) defined contribution plans. For defined benefit plans, pension expense includes the following components: service cost, interest cost, expected return on plan assets, gain (loss) on plan assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. For defined contribution plans, the pension expense generally equals the firm's contribution to employees' accounts (if the firm contributes) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (Unaudited) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
| Operations: | ||
| Net investment income | $ 4,421 | $ 3,271 |
| Net realized gain on investments | 10,079 | 45,748 |
| Net increase (decrease) in unrealized appreciation of investments | 165 | (20,545) |
| Increase in net assets from operations | 14,665 | 28,474 |
| Distributions from: | ||
| Undistributed net investment income | (3,003) | (2,993) |
| Net realized gains deemed distributed to shareholders | (3,216) | (45,748) |
| Capital share transactions: | ||
| Allocated increase in share value for deemed distribution | 3,216 | 45,748 |
| Exercise of employee stock options | 98 | 745 |
| Stock option expense | 757 | 712 |
| Increase in net assets | 12,517 | 26,938 |
| Net assets, beginning of period | 539,233 | 486,925 |
| Net assets, end of period | $ 551,750 | $ 513,863 |
| X | ||||||||||
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- Definition
Allocated increase (decrease) in the period in share value for deemed distribution. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of net assets from operations. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of net assets. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of the excess of the cost (face amount, notional amount) of an investment (security, contract) over its fair value which deficiency has not been recognized in earnings of the entity. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the total realized gain (loss) during the reporting period for long-term capital gains that are distributed to its shareholders. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Undistributed net investment income during the reporting period. No definition available.
|
| X | ||||||||||
|
- Definition
The net of assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The income earned from investments in securities and property, equipment and other capital assets. It includes rent from property and equipment, dividends from shares in corporations, and interest from bonds, loans, mortgages, derivatives, commercial paper, bank accounts, certificates of deposits, treasuries, and other financial securities. It does not include realized gains and losses on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of net assets from operations. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of the excess of the cost (face amount, notional amount) of an investment (security, contract) over its fair value which deficiency has not been recognized in earnings of the entity. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the gain (loss) realized during the period from the sale of investments before income tax. No definition available.
|
| X | ||||||||||
|
- Definition
Federal taxes paid on behalf of shareholders on the long-term capital gains for the benefit of its shareholders. No definition available.
|
| X | ||||||||||
|
- Definition
Undistributed net investment income during the reporting period. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in receivables to be collected from an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount due to the entity in the form of unpaid interest and dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Cash paid to purchase debt and equity securities, classified as operating activities, during the period; includes trading securities and any other investments classified as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of pension benefit costs recognized during the period for (1) defined benefit plans and (2) defined contribution plans. For defined benefit plans, pension expense includes the following components: service cost, interest cost, expected return on plan assets, gain (loss) on plan assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. For defined contribution plans, the pension expense generally equals the firm's contribution to employees' accounts (if the firm contributes) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow in aggregate debt due to repayments and proceeds from additional borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Value of real estate transferred in noncash transactions during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (USD $)
|
9 Months Ended | 12 Months Ended | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2011
|
Mar. 31, 2011
|
|||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Cost | $ 88,693,000 | $ 98,354,000 | ||||||||||||||||
| Value | 479,775,000 | [1] | 489,273,000 | [1] | ||||||||||||||
|
ALAMO GROUP INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Seguin, Texas | [2],[3] | Seguin, Texas | [2],[3] | ||||||||||||||
| Description of company | Tractor-mounted mowing and mobile excavation equipment for governmental, industrial and agricultural markets; street-sweeping equipment for municipalities. | [2],[3] | Tractor-mounted mowing and mobile excavation equipment for governmental, industrial and agricultural markets; street-sweeping equipment for municipalities. | [2],[3] | ||||||||||||||
| Equity (in hundredths) | 22.00% | [2],[3],[4] | 22.00% | [2],[3],[4] | ||||||||||||||
| Investment | 2,832,300 shares common stock (acquired 4-1-73 thru 5-09-11) | [2],[3],[5] | 2,830,300 shares common stock (acquired 4-1-73 thru 5-25-07) | [2],[3],[5] | ||||||||||||||
| Cost | 2,191,000 | [2],[3] | 2,191,000 | [2],[3] | ||||||||||||||
| Value | 61,602,000 | [1],[2],[3] | 62,267,000 | [1],[2],[3] | ||||||||||||||
|
ATLANTIC CAPITAL BANCSHARES, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Atlanta, Georgia | Atlanta, Georgia | ||||||||||||||||
| Description of company | Holding company of Atlantic Capital Bank, a full service commercial bank. | Holding company of Atlantic Capital Bank, a full service commercial bank. | ||||||||||||||||
| Equity (in hundredths) | 1.90% | [4] | 1.90% | [4] | ||||||||||||||
| Investment | 300,000 shares common stock (acquired 4-10-07) | [5] | 300,000 shares common stock (acquired 4-10-07) | [5] | ||||||||||||||
| Cost | 3,000,000 | 3,000,000 | ||||||||||||||||
| Value | 2,068,000 | [1] | 2,257,000 | [1] | ||||||||||||||
|
BALCO, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Wichita, Kansas | [3] | Wichita, Kansas | [3] | ||||||||||||||
| Description of company | Specialty architectural products used in the construction and remodeling of commercial and institutional buildings. | [3] | Specialty architectural products used in the construction and remodeling of commercial and institutional buildings. | [3] | ||||||||||||||
| Equity (in hundredths) | 90.90% | [3],[4] | 90.90% | [3],[4] | ||||||||||||||
| Investment | 445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02) | [3],[5] | 445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02) | [3],[5] | ||||||||||||||
| Cost | 625,000 | [3] | 625,000 | [3] | ||||||||||||||
| Value | 4,100,000 | [1],[3] | 5,200,000 | [1],[3] | ||||||||||||||
|
BOXX TECHNOLOGIES, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Austin, Texas | [6] | Austin, Texas | [6] | ||||||||||||||
| Description of company | Workstations for computer graphic imaging and design. | [6] | Workstations for computer graphic imaging and design. | [6] | ||||||||||||||
| Equity (in hundredths) | 14.90% | [4],[6] | 14.90% | [4],[6] | ||||||||||||||
| Investment | 3,125,354 shares Series B Convertible Preferred Stock, convertible into 3,125,354 shares of common stock at 0.50 per share (acquired 8-20-99 thru 8-8-01) | [5],[6] | 3,125,354 shares Series B Convertible Preferred Stock, convertible into 3,125,354 shares of common stock at 0.50 per share (acquired 8-20-99 thru 8-8-01) | [5],[6] | ||||||||||||||
| Cost | 1,500,000 | [6] | 1,500,000 | [6] | ||||||||||||||
| Value | 378,000 | [1],[6] | 2 | [1],[6] | ||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Houston, Texas | Houston, Texas | ||||||||||||||||
| Description of company | Cleans above ground oil storage tanks with a patented, automated system. | Cleans above ground oil storage tanks with a patented, automated system. | ||||||||||||||||
| Equity (in hundredths) | 73.40% | [4] | 68.80% | [4] | ||||||||||||||
| Cost | 13,564,000 | 10,125,000 | ||||||||||||||||
| Value | 7,371,000 | [1] | 10,125,000 | [1] | ||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 12 subordinated secured promissory note, due 2015 (acquired 5-19-10 thru 10-20-10) | [5] | 12 subordinated secured promissory note, due 2012 (acquired 5-19-10 thru 10-20-10) | [5] | ||||||||||||||
| Cost | 779,278,000 | 891,000 | ||||||||||||||||
| Value | 545,000 | [1] | 891,000 | [1] | ||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 12 subordinated secured promissory note, due 2016 (acquired 5-9-11 thru 10-26-11) | [5] | 10 subordinated secured promissory note, due 2013 (acquired 7-14-08 thru 4-28-10) | [5] | ||||||||||||||
| Cost | 2,286,000 | 6,201,000 | ||||||||||||||||
| Value | 1,599,000 | [1] | 6,201,000 | [1] | ||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 3 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 12 subordinated secured promissory note, due 2016 (acquired 9-9-11 and 10-26-11) | [5] | 3,033,410 shares Series A Convertible Preferred Stock, convertible into 3,033,410 shares common stock at 1.00 per share (acquired 7-14-08 thru 11-18-10) | [5] | ||||||||||||||
| Cost | 1,265,000 | 3,033,000 | ||||||||||||||||
| Value | 885,000 | [1] | 3,033,000 | [1] | ||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 4 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 10 subordinated secured promissory note, due 2016 (acquired 7-14-08 thru 4-28-10) | [5] | ||||||||||||||||
| Cost | 6,201,000 | |||||||||||||||||
| Value | 4,340,000 | [1] | ||||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 5 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 3,033,410 shares Series A Convertible Preferred Stock, convertible into 3,033,410 shares common stock at 1.00 per share (acquired 7-14-08 thru 11-18-10) | [5] | ||||||||||||||||
| Cost | 3,033,000 | |||||||||||||||||
| Value | 1 | [1] | ||||||||||||||||
|
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 6 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | Warrants to purchase 1,269,833 shares of common stock at 1.00 per share, expiring 2021 (acquired 5-9-11 thru 8-31-11) | [5] | ||||||||||||||||
| Cost | 0 | |||||||||||||||||
| Value | 0 | [1] | ||||||||||||||||
|
ENCORE WIRE CORPORATION [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | McKinney, Texas | [2],[6] | McKinney, Texas | [2],[6] | ||||||||||||||
| Description of company | Electric wire and cable for residential, commercial and industrial construction use. | [2],[6] | Electric wire and cable for residential, commercial and industrial construction use. | [2],[6] | ||||||||||||||
| Equity (in hundredths) | 16.90% | [2],[4],[6] | 16.90% | [2],[4],[6] | ||||||||||||||
| Investment | 4,086,750 shares common stock (acquired 7-16-92 thru 10-7-98) | [2],[5],[6] | 4,086,750 shares common stock (acquired 7-16-92 thru 10-7-98) | [2],[5],[6] | ||||||||||||||
| Cost | 5,800,000 | [2],[6] | 5,800,000 | [2],[6] | ||||||||||||||
| Value | 95,017,000 | [1],[2],[6] | 81,735,000 | [1],[2],[6] | ||||||||||||||
|
EXTREME INTERNATIONAL, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Sugar Land, Texas | Sugar Land, Texas | ||||||||||||||||
| Description of company | Owns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos. | Owns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos. | ||||||||||||||||
| Equity (in hundredths) | 53.60% | [4] | 53.60% | [4] | ||||||||||||||
| Cost | 3,326,000 | 3,326,000 | ||||||||||||||||
| Value | 9,882,000 | [1] | 11,603,000 | [1] | ||||||||||||||
|
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 13,035 shares Series A Common Stock (acquired 9-26-08 and 12-18-08) | [5] | 13,035 shares Series A Common Stock (acquired 9-26-08 and 12-18-08) | [5] | ||||||||||||||
| Cost | 326,000 | 326,000 | ||||||||||||||||
| Value | 695,000 | [1] | 815,000 | [1] | ||||||||||||||
|
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 39,359.18 shares Series C Convertible Preferred Stock, convertible into 157,437.72 shares of common stock at 25.00 per share (acquired 9-30-03) | [5] | 39,359.18 shares Series C Convertible Preferred Stock, convertible into 157,437.72 shares of common stock at 25.00 per share (acquired 9-30-03) | [5] | ||||||||||||||
| Cost | 2,625,000 | 2,625,000 | ||||||||||||||||
| Value | 8,388,000 | [1] | 9,850,000 | [1] | ||||||||||||||
|
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 3 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 3,750 shares 8 Series A Convertible Preferred Stock, convertible into 15,000 shares of common stock at 25.00 per share (acquired 9-30-03) | [5] | 3,750 shares 8 Series A Convertible Preferred Stock, convertible into 15,000 shares of common stock at 25.00 per share (acquired 9-30-03) | [5] | ||||||||||||||
| Cost | 375,000 | 375,000 | ||||||||||||||||
| Value | 799,000 | [1] | 938,000 | [1] | ||||||||||||||
|
HEELYS, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Carrollton, Texas | [2],[3] | Carrollton, Texas | [2],[3] | ||||||||||||||
| Description of company | Heelys stealth skate shoes, equipment and apparel sold through sporting goods chains, department stores and footwear retailers. | [2],[3] | Heelys stealth skate shoes, equipment and apparel sold through sporting goods chains, department stores and footwear retailers. | [2],[3] | ||||||||||||||
| Equity (in hundredths) | 31.10% | [2],[3],[4] | 31.60% | [2],[3],[4] | ||||||||||||||
| Investment | 9,317,310 shares common stock (acquired 5-26-00) | [2],[3],[5] | 9,317,310 shares common stock (acquired 5-26-00) | [2],[3],[5] | ||||||||||||||
| Cost | 102,000 | [2],[3] | 102,000 | [2],[3] | ||||||||||||||
| Value | 15,261,000 | [1],[2],[3] | 19,194,000 | [1],[2],[3] | ||||||||||||||
|
HOLOGIC, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Bedford, Massachusetts | [2] | Bedford, Massachusetts | [2] | ||||||||||||||
| Description of company | Medical instruments including bone densitometers, mammography devices and digital radiography systems. | [2] | Medical instruments including bone densitometers, mammography devices and digital radiography systems. | [2] | ||||||||||||||
| Equity, description | < 1 | [2] | < 1 | [2],[4] | ||||||||||||||
| Investment | 632,820 shares common stock (acquired 8-27-99) | [2],[5],[7] | 632,820 shares common stock (acquired 8-27-99) | [2],[5],[7] | ||||||||||||||
| Cost | 220,000 | [2] | 220,000 | [2] | ||||||||||||||
| Value | 11,074,000 | [1],[2] | 14,042,000 | [1],[2] | ||||||||||||||
|
iMEMORIES, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Scottsdale, Arizona | Scottsdale, Arizona | ||||||||||||||||
| Description of company | Enables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format. | Enables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format. | ||||||||||||||||
| Equity (in hundredths) | 25.30% | [4] | 27.20% | [4] | ||||||||||||||
| Cost | 5,078,000 | 5,000,000 | ||||||||||||||||
| Value | 5,078,000 | [1] | 5,000,000 | [1] | ||||||||||||||
|
iMEMORIES, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 17,391,304 shares Series B Convertible Preferred Stock, convertible into 19,891,304 shares of common stock at 0.23 per share (acquired 7-10-09) | [5] | 10 convertible promissory note, due 2012 (acquired 9-13-10) | [5] | ||||||||||||||
| Cost | 4,000,000 | 1,000,000 | ||||||||||||||||
| Value | 4,000,000 | [1] | 1,000,000 | [1] | ||||||||||||||
|
iMEMORIES, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 4,684,967 shares Series C Convertible Preferred Stock, convertible into 4,684,967 shares of common stock at 0.23 per share (acquired 7-20-11) | [5] | 17,391,304 shares Series B Convertible Preferred Stock, convertible into 17,391,304 shares of common stock at 0.23 per share (acquired 7-10-09) | [5] | ||||||||||||||
| Cost | 1,078,000 | 4,000,000 | ||||||||||||||||
| Value | 1,078,000 | [1] | 4,000,000 | [1] | ||||||||||||||
|
iMEMORIES, INC. [Member] | Investment Type 3 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | Warrants to purchase 2,500,000 shares of common stock at 0.12 per share, expiring 2020 (acquired 9-13-10 thru 1-21-11) | [5] | Warrant to purchase 968,750 shares of common stock at 0.12 per share, expiring 2020 (acquired 9-13-10) | [5] | ||||||||||||||
| Cost | 0 | 0 | ||||||||||||||||
| Value | 0 | [1] | 0 | [1] | ||||||||||||||
|
INSTAWARES HOLDING COMPANY, LLC [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Atlanta, Georgia | |||||||||||||||||
| Description of company | Provides services to the restaurant industry via its five subsidiary companies. | |||||||||||||||||
| Equity (in hundredths) | 4.40% | [4] | ||||||||||||||||
| Investment | 3,846,154 Class D shares (acquired 5-20-11) | [5] | ||||||||||||||||
| Cost | 5,000,000 | |||||||||||||||||
| Value | 5,000,000 | [1] | ||||||||||||||||
|
KBI BIOPHARMA, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Durham, North Carolina | Durham, North Carolina | ||||||||||||||||
| Description of company | Provides fully-integrated, outsourced drug development and bio-manufacturing services. | Provides fully-integrated, outsourced drug development and bio-manufacturing services. | ||||||||||||||||
| Equity (in hundredths) | 17.10% | [4] | 17.10% | [4] | ||||||||||||||
| Investment | 7,142,857 shares Series B-2 Convertible Preferred Stock, convertible into 10,204,082 shares of common stock at 0.49 per share (acquired 9-08-09) | [5] | 7,142,857 shares Series B-2 Convertible Preferred Stock, convertible into 10,204,082 shares of common stock at 0.49 per share (acquired 9-08-09) | [5] | ||||||||||||||
| Cost | 5,000,000 | 5,000,000 | ||||||||||||||||
| Value | 1,900,000 | [1] | 4,200,000 | [1] | ||||||||||||||
|
MEDIA RECOVERY, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Dallas, Texas | [3] | Dallas, Texas | [3] | ||||||||||||||
| Description of company | Computer datacenter and office automation supplies and accessories; impact, tilt monitoring and temperature sensing devices to detect mishandling shipments; dunnage for protecting shipments. | [3] | Computer datacenter and office automation supplies and accessories; impact, tilt monitoring and temperature sensing devices to detect mishandling shipments; dunnage for protecting shipments. | [3] | ||||||||||||||
| Equity (in hundredths) | 97.90% | [3],[4] | 97.50% | [3],[4] | ||||||||||||||
| Cost | 5,415,000 | [3] | 5,415,000 | [3] | ||||||||||||||
| Value | 18,600,000 | [1],[3] | 18,100,000 | [1],[3] | ||||||||||||||
|
MEDIA RECOVERY, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 800,000 shares Series A Convertible Preferred Stock, convertible into 800,000 shares of common stock at 1.00 per share (acquired 11-4-97) | [3],[5] | 800,000 shares Series A Convertible Preferred Stock, convertible into 800,000 shares of common stock at 1.00 per share (acquired 11-4-97) | [3],[5] | ||||||||||||||
| Cost | 800,000 | [3] | 800,000 | [3] | ||||||||||||||
| Value | 3,100,000 | [1],[3] | 3,000,000 | [1],[3] | ||||||||||||||
|
MEDIA RECOVERY, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 4,000,002 shares common stock (acquired 11-4-97) | [3],[5] | 4,000,002 shares common stock (acquired 11-4-97) | [3],[5] | ||||||||||||||
| Cost | 4,615,000 | [3] | 4,615,000 | [3] | ||||||||||||||
| Value | 15,500,000 | [1],[3] | 15,100,000 | [1],[3] | ||||||||||||||
|
PALLETONE, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Bartow, Florida | [6] | Bartow, Florida | [6] | ||||||||||||||
| Description of company | Manufacturer of wooden pallets and pressure-treated lumber. | [6] | Manufacturer of wooden pallets and pressure-treated lumber. | [6] | ||||||||||||||
| Equity (in hundredths) | 7.70% | [4],[6] | 8.40% | [4],[6] | ||||||||||||||
| Cost | 1,703,000 | [6] | 1,749,000 | [6] | ||||||||||||||
| Value | 2,000,000 | [1],[6] | 1,600,000 | [1],[6] | ||||||||||||||
|
PALLETONE, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 12.3 senior subordinated notes, 2,000,000 principal due 2015 (acquired 9-25-06) | [5],[6] | 12.3 senior subordinated notes, 2,000,000 principal due 2015 (acquired 9-25-06) | [5],[6] | ||||||||||||||
| Cost | 1,553,000 | [6] | 1,553,000 | [6] | ||||||||||||||
| Value | 2,000,000 | [1],[6] | 1,600,000 | [1],[6] | ||||||||||||||
|
PALLETONE, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 150,000 shares common stock (acquired 10-18-01) | [5],[6] | 150,000 shares common stock (acquired 10-18-01) | [5],[6] | ||||||||||||||
| Cost | 150,000 | [6] | 150,000 | [6] | ||||||||||||||
| Value | 2 | [1],[6] | 2 | [1],[6] | ||||||||||||||
|
PALLETONE, INC. [Member] | Investment Type 3 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | Warrant to purchase 15,294 shares of common stock at 1.00 per share, expiring 2011 (acquired 2-17-06) | [5],[6] | ||||||||||||||||
| Cost | 45,746 | [6] | ||||||||||||||||
| Value | 0 | [1],[6] | ||||||||||||||||
|
THE RECTORSEAL CORPORATION [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Houston, Texas | [3] | Houston, Texas | [3] | ||||||||||||||
| Description of company | Specialty chemicals for plumbing, HVAC, electrical, construction, industrial, oil field and automotive applications; smoke containment systems for building fires; also owns 20 of The Whitmore Manufacturing Company. | [3] | Specialty chemicals for plumbing, HVAC, electrical, construction, industrial, oil field and automotive applications; smoke containment systems for building fires; also owns 20 of The Whitmore Manufacturing Company. | [3] | ||||||||||||||
| Equity (in hundredths) | 100.00% | [3],[4] | 100.00% | [3],[4] | ||||||||||||||
| Investment | 27,907 shares common stock (acquired 1-5-73 and 3-31-73) | [3],[5] | 27,907 shares common stock (acquired 1-5-73 and 3-31-73) | [3],[5] | ||||||||||||||
| Cost | 53,000 | [3] | 53,000 | [3] | ||||||||||||||
| Value | 153,700,000 | [1],[3] | 144,700,000 | [1],[3] | ||||||||||||||
|
TCI HOLDINGS, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Denver, Colorado | Denver, Colorado | ||||||||||||||||
| Description of company | Cable television systems and microwave relay systems. | Cable television systems and microwave relay systems. | ||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 21 shares 12 Series C Cumulative Compounding Preferred Stock (acquired 1-30-90) | [5] | 21 shares 12% Series C Cumulative Compounding Preferred Stock (acquired 1-30-90) | [5] | ||||||||||||||
| Cost | 0 | 0 | ||||||||||||||||
| Value | 811,000 | [1] | 841,000 | [1] | ||||||||||||||
|
TRAX HOLDINGS, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Scottsdale, Arizona | Scottsdale, Arizona | ||||||||||||||||
| Description of company | Provides a comprehensive set of solutions to improve the transportation validation, accounting, payment and information management process. | Provides a comprehensive set of solutions to improve the transportation validation, accounting, payment and information management process. | ||||||||||||||||
| Equity (in hundredths) | 26.20% | [4] | 30.70% | [4] | ||||||||||||||
| Investment | 1,061,279 shares Series A Convertible Preferred Stock, convertible into 1,077,203 common stock at 4.64 per share (acquired 12-8-08 and 2-17-09) | [5] | ||||||||||||||||
| Cost | 8,200,000 | 5,000,000 | ||||||||||||||||
| Value | 9,000,000 | [1] | 5,758,000 | [1] | ||||||||||||||
|
TRAX HOLDINGS, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 18 convertible promissory note, 3,200,000 principal due 2012 (acquired 4-6-11 thru 11-10-11) | [5] | ||||||||||||||||
| Cost | 3,200,000 | |||||||||||||||||
| Value | 3,200,000 | [1] | ||||||||||||||||
|
TRAX HOLDINGS, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 1,061,279 shares Series A Convertible Preferred Stock, convertible into 1,061,279 common stock at 4.64 per share (acquired 12-8-08 and 2-17-09) | [5] | ||||||||||||||||
| Cost | 5,000,000 | |||||||||||||||||
| Value | 5,800,000 | [1] | ||||||||||||||||
|
VIA HOLDINGS, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Sparks, Nevada | Sparks, Nevada | ||||||||||||||||
| Description of company | Designer, manufacturer and distributor of high-quality office seating. | Designer, manufacturer and distributor of high-quality office seating. | ||||||||||||||||
| Equity (in hundredths) | 3.20% | [4] | 28.10% | [4] | ||||||||||||||
| Investment | 12,686 shares common stock (acquired 3-4-11 and 3-25-11) | [5] | 12,686 shares common stock (acquired 3-4-11 and 3-25-11) | [5] | ||||||||||||||
| Cost | 4,926,000 | 4,926,000 | ||||||||||||||||
| Value | 2 | [1] | 4 | [1] | ||||||||||||||
|
WELLOGIX, INC. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Houston, Texas | [6] | Houston, Texas | [6] | ||||||||||||||
| Description of company | Developer and supporter of software used by the oil and gas industry. | [6] | Developer and supporter of software used by the oil and gas industry. | [6] | ||||||||||||||
| Equity (in hundredths) | 19.10% | [4],[6] | 19.20% | [4],[6] | ||||||||||||||
| Investment | 4,788,371 shares Series A-1 Convertible Participating Preferred Stock, convertible into 4,788,371 shares of common stock at 1.0441 per share (acquired 8-19-05 thru 6-15-08) | [5],[6] | 4,788,371 shares Series A-1 Convertible Participating Preferred Stock, convertible into 4,788,371 shares of common stock at 1.0441 per share (acquired 8-19-05 thru 6-15-08) | [5],[6] | ||||||||||||||
| Cost | 5,000,000 | [6] | 5,000,000 | [6] | ||||||||||||||
| Value | 25,000 | [1],[6] | 2 | [1],[6] | ||||||||||||||
|
THE WHITMORE MANUFACTURING COMPANY [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Rockwall, Texas | [3] | Rockwall, Texas | [3] | ||||||||||||||
| Description of company | Specialized surface mining, railroad and industrial lubricants; coatings for automobiles and primary metals; fluid contamination control devices. | [3] | Specialized surface mining, railroad and industrial lubricants; coatings for automobiles and primary metals; fluid contamination control devices. | [3] | ||||||||||||||
| Equity (in hundredths) | 80.00% | [3],[4] | 80.00% | [3],[4] | ||||||||||||||
| Investment | 80 shares common stock (acquired 8-31-79) | [3],[5] | 80 shares common stock (acquired 8-31-79) | [3],[5] | ||||||||||||||
| Cost | 1,600,000 | [3] | 1,600,000 | [3] | ||||||||||||||
| Value | 61,000,000 | [1],[3] | 55,600,000 | [1],[3] | ||||||||||||||
|
ALL COMPONENTS, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Pflugerville, Texas | |||||||||||||||||
| Description of company | Electronics contract manufacturing; distribution and production of memory and other components for computer manufacturers, retailers and value-added resellers. | |||||||||||||||||
| Equity (in hundredths) | 80.40% | [4] | ||||||||||||||||
| Cost | 2,150,000 | |||||||||||||||||
| Value | 13,500,000 | [1] | ||||||||||||||||
|
ALL COMPONENTS, INC. [Member] | Investment Type 1 [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 8.25 subordinate note, 2,000,000 principal due 2012 (acquired 6-27-07) | [5] | ||||||||||||||||
| Cost | 2,000,000 | |||||||||||||||||
| Value | 2,000,000 | [1] | ||||||||||||||||
|
ALL COMPONENTS, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 150,000 shares Series A Convertible Preferred Stock; convertible into 600,000 shares of common stock at 0.25 per share (acquired 9-16-94) | [5] | ||||||||||||||||
| Cost | 150,000 | |||||||||||||||||
| Value | 8,431,000 | [1] | ||||||||||||||||
|
ALL COMPONENTS, INC. [Member] | Investment Type 3 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | Warrant to purchase 350,000 shares of common stock at 11.00 per share, expiring 2017 (acquired 6-27-07) | [5] | ||||||||||||||||
| Cost | 0 | |||||||||||||||||
| Value | 3,069,000 | [1] | ||||||||||||||||
|
PALM HARBOR HOMES, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Dallas, Texas | [2],[3] | ||||||||||||||||
| Description of company | Integrated manufacturing, retailing, financing and insuring of manufactured housing and modular homes. | [2],[3] | ||||||||||||||||
| Equity (in hundredths) | 30.40% | [2],[3],[4] | ||||||||||||||||
| Cost | 10,932,000 | [2],[3] | ||||||||||||||||
| Value | 2 | [1],[2],[3] | ||||||||||||||||
|
PALM HARBOR HOMES, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 7,855,121 shares common stock (acquired 1-3-85 thru 7-31-95) | [2],[3],[5] | ||||||||||||||||
| Cost | 10,932,000 | [2],[3] | ||||||||||||||||
| Value | 2 | [1],[2],[3] | ||||||||||||||||
|
PALM HARBOR HOMES, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | Warrant to purchase 286,625 shares of common stock at 3.14 per share, expiring 2019 (acquired 4-24-09) | [2],[3],[5] | ||||||||||||||||
| Cost | 0 | [2],[3] | ||||||||||||||||
| Value | 0 | [1],[2],[3] | ||||||||||||||||
|
PHI HEALTH, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Richardson, Texas | |||||||||||||||||
| Description of company | Develops and sells cardiac MRI systems and software. | |||||||||||||||||
| Equity (in hundredths) | 67.00% | [4] | ||||||||||||||||
| Cost | 5,752,000 | |||||||||||||||||
| Value | 5,752,000 | [1] | ||||||||||||||||
|
PHI HEALTH, INC. [Member] | Investment Type 1 [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 1,559,111 shares Series A-1 Convertible Preferred Stock convertible into 1,559,111 shares of common stock at 0.0015 per share (acquired 1-27-11) | [5] | ||||||||||||||||
| Cost | 2,339 | |||||||||||||||||
| Value | 2,339 | [1] | ||||||||||||||||
|
PHI HEALTH, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 555,556 shares Series B-1 Convertible Preferred Stock convertible into 555,556 shares common stock at 2.25 per share (acquired 1-27-11) | [5] | ||||||||||||||||
| Cost | 1,250,000 | |||||||||||||||||
| Value | 1,250,000 | [1] | ||||||||||||||||
|
PHI HEALTH, INC. [Member] | Investment Type 3 [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Investment | 4,500,000 Shares Series C-1 Convertible Preferred Stock convertible into 4,500,000 shares common stock at 0.20 per share (acquired 1-7-11 and 1-27-11) | [5] | ||||||||||||||||
| Cost | 4,500,000 | |||||||||||||||||
| Value | 4,500,000 | [1] | ||||||||||||||||
|
TEXAS CAPITAL BANCSHARES, INC. [Member]
|
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Location | Dallas, Texas | [2] | ||||||||||||||||
| Description of company | Regional bank holding company with banking operations in six Texas cities. | [2] | ||||||||||||||||
| Equity (in hundredths) | 1.60% | [2],[4] | ||||||||||||||||
| Investment | 489,656 shares common stock (acquired 5-1-00) | [2],[5],[7] | ||||||||||||||||
| Cost | 3,550,000 | [2] | ||||||||||||||||
| Value | 12,711,000 | [1],[2] | ||||||||||||||||
|
Ballast Point Ventures II, L.P. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 2.2% limited partnership interest (acquired 8-4-08 thru 6-18-10) | [5] | 2.2% limited partnership interest (acquired 8-4-08 thru 6-18-10) | [5] | ||||||||||||||
| Cost | 1,425,000 | 1,200,000 | ||||||||||||||||
| Value | 1,252,000 | [1] | 1,200,000 | [1] | ||||||||||||||
|
BankCap Partners Fund I, L.P. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 5.5 limited partnership interest (acquired 7-14-06 thru 11-30-11) | [5] | 5.5 limited partnership interest (acquired 7-14-06 thru 12-13-10) | [5] | ||||||||||||||
| Cost | 5,808,000 | 5,762,000 | ||||||||||||||||
| Value | 5,135,000 | [1] | 5,102,000 | [1] | ||||||||||||||
|
CapitalSouth Partners Fund III, L.P. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 1.9 limited partnership interest (acquired 1-22-08 and 11-16-11) | [5] | 1.9 limited partnership interest (acquired 1-22-08 and 2-12-09) | [5] | ||||||||||||||
| Cost | 1,331,000 | 831,000 | ||||||||||||||||
| Value | 1,432,000 | [1] | 790,000 | [1] | ||||||||||||||
|
CapStar Holdings Corporation [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 100.00% | [3],[4] | 100.00% | [3],[4] | ||||||||||||||
| Investment | 500 shares common stock (acquired 6-10-10) | [3],[5] | 500 shares common stock (acquired 6-10-10) | [3],[5] | ||||||||||||||
| Cost | 3,704,000 | [3] | 3,704,000 | [3] | ||||||||||||||
| Value | 4,372,000 | [1],[3] | 4,380,000 | [1],[3] | ||||||||||||||
|
Diamond State Ventures, L.P. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 1.4 limited partnership interest (acquired 10-12-99 thru 8-26-05) | [5] | 1.4 limited partnership interest (acquired 10-12-99 thru 8-26-05) | [5] | ||||||||||||||
| Cost | 76,000 | 76,000 | ||||||||||||||||
| Value | 175,000 | [1] | 178,000 | [1] | ||||||||||||||
|
Discovery Alliance, LLC [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [3],[4] | 0.00% | [3],[4] | ||||||||||||||
| Investment | 90.0 limited liability company (acquired 9-12-08 thru 10-20-11) | [3],[5] | 90.0 limited liability company (acquired 9-12-08 thru 5-14-10) | [3],[5] | ||||||||||||||
| Cost | 1,180,000,000 | [3] | 900,000 | [3] | ||||||||||||||
| Value | 1,242,000 | [1],[3] | 574,000 | [1],[3] | ||||||||||||||
|
Essex Capital Corporation [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 10 unsecured promissory note due 8-19-10 (acquired 8-16-09) | [5] | 10 unsecured promissory note due 8-19-10 (acquired 8-16-09) | [5] | ||||||||||||||
| Cost | 0 | 0 | ||||||||||||||||
| Value | 500,000 | [1] | 1,000,000 | [1] | ||||||||||||||
|
First Capital Group of Texas III, L.P. [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 3.0 limited partnership interest (acquired 12-26-00 thru 8-12-05) | [5] | 3.0 limited partnership interest (acquired 12-26-00 thru 8-12-05) | [5] | ||||||||||||||
| Cost | 779,000 | 779,000 | ||||||||||||||||
| Value | 750,000 | [1] | 408,000 | [1] | ||||||||||||||
|
Humac Company [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 100.00% | [3],[4] | 100.00% | [3],[4] | ||||||||||||||
| Investment | 1,041,000 shares common stock (acquired 1-31-75 and 12-31-75) | [3],[5] | 1,041,000 shares common stock (acquired 1-31-75 and 12-31-75) | [3],[5] | ||||||||||||||
| Cost | 0 | [3] | 0 | [3] | ||||||||||||||
| Value | 154,000 | [1],[3] | 166,000 | [1],[3] | ||||||||||||||
|
STARTech Seed Fund I [Member]
|
||||||||||||||||||
| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 12.1 limited partnership interest (acquired 4-17-98 thru 1-5-00) | [5] | 12.1 limited partnership interest (acquired 4-17-98 thru 1-5-00) | [5] | ||||||||||||||
| Cost | 178,000 | 178,000 | ||||||||||||||||
| Value | 40,000 | [1] | 53,000 | [1] | ||||||||||||||
|
STARTech Seed Fund II [Member]
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 3.2 limited partnership interest (acquired 4-28-00 thru 2-23-05) | [5] | 3.2 limited partnership interest (acquired 4-28-00 thru 2-23-05) | [5] | ||||||||||||||
| Cost | 844,000 | 844,000 | ||||||||||||||||
| Value | 338,000 | [1] | 317,000 | [1] | ||||||||||||||
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Sterling Group Partners I, L.P. [Member]
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| Schedule of Investments [Line Items] | ||||||||||||||||||
| Equity (in hundredths) | 0.00% | [4] | 0.00% | [4] | ||||||||||||||
| Investment | 1.7 limited partnership interest (acquired 4-20-01 thru 1-24-05) | [5] | 1.6 limited partnership interest (acquired 4-20-01 thru 1-24-05) | [5] | ||||||||||||||
| Cost | 1,064,000 | 1,064,000 | ||||||||||||||||
| Value | $ 516,000 | [1] | $ 919,000 | [1] | ||||||||||||||
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Percent of net assets at close of period. For schedules of investments that are categorized, each category has a percent of net assets for the aggregated value of the Investments in the category. No definition available.
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The description of the investment owned by the Company. No definition available.
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The location of investment owned by the Company. No definition available.
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Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Further narrative for the holding of the investment. Also any additional footnotes related to the position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Percent of net assets at close of period. For schedules of investments that are categorized, each category has a percent of net assets for the aggregated value of the Investments in the category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ORGANIZATION AND BASIS OF PRESENTATION
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Dec. 31, 2011
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| ORGANIZATION AND BASIS OF PRESENTATION [Abstract] | |||
| ORGANIZATION AND BASIS OF PRESENTATION |
Organization Capital Southwest Corporation (“CSC” or the “Company”) was organized as a Texas corporation on April 19, 1961. Until September 1969, we operated as a licensee under the Small Business Investment Act of 1958. At that time, we transferred to our wholly-owned subsidiary, Capital Southwest Venture Corporation ("CSVC") certain assets and our license as a small business investment company ("SBIC"). CSVC is a closed-end, non-diversified investment company of the management type registered under the Investment Company Act of 1940 (the “1940 Act”). Prior to March 30, 1988, we were registered as a closed-end, non-diversified investment company under the 1940 Act. On that date, we elected to become a Business Development Company (“BDC”) subject to the provisions of the 1940 Act, as amended by the Small Business Incentive Act of 1980. Because we wholly own CSVC, the portfolios of both entities are referred to collectively as “our,” “we” and “us.” Capital Southwest Management Company (“CSMC”), a wholly-owned subsidiary of CSC, is the management company for CSC and CSVC. CSMC generally incurs all normal operating and administrative expenses, including but not limited to, salaries and related benefits, rent, equipment and other administrative costs required for its day-to-day operations. Our portfolio is a composite of companies, consisting of companies in which we have controlling interests, developing companies and marketable securities of established publicly traded companies. We make available significant managerial assistance to the companies in which we invest and believe that providing managerial assistance to such investee companies is critical to their business development activities. CSMC receives a monthly fixed fee for management services provided to certain of its control portfolio companies. Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). Under rules and regulations applicable to investment companies, we are precluded from consolidating any entity other than another investment company. An exception to this general principle occurs if the investment company has an investment in an operating company that provides services to the investment company. Accordingly, consolidated financial statements include our management company. The financial statements included herein have been prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q and Article 6 of Regulations S-X. The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Form 10-K for the year ended March 31, 2011, as filed with the Securities and Exchange Commission (SEC). Certain information and footnotes normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, although we believe that the disclosures are adequate for a fair presentation. The information reflects all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period. Portfolio Investment Classification We classify our investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “Control Investments” are defined as investments in which we own more than 25% of the voting securities or have rights to maintain greater than 50% of the board representation; “Affiliated Investments” are defined as investments in which we own between 5% and 25% of the voting securities; and “Non-Control/Non-Affiliated Investments” are defined as investments that are neither “Control Investments” nor “Affiliated Investments.” |
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The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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Dec. 31, 2011
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |||
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
The following is a summary of significant accounting policies followed in the preparation of the consolidated financial statements of CSC, CSVC and CSMC. Fair Value Measurements The Company adopted FASB ASC Topic 820 on April 1, 2008. ASC Topic 820 (1) creates a single definition of fair value, (2) establishes a framework for measuring fair value, and (3) expands disclosure requirements about items measured at fair value. The Statement applies to both items recognized and reported at fair value in the financial statements and items disclosed at fair value in the notes to the financial statements. The Statement does not change existing accounting rules governing what can or what must be recognized and reported at fair value in the Company's financial statements, or disclosed at fair value in the Company's notes to the financial statements. Additionally, ASC Topic 820 does not eliminate practicability exceptions that exist in accounting pronouncements amended by this Statement when measuring fair value. Fair value is generally determined based on quoted market prices in the active markets for identical assets or liabilities. If quoted market prices are not available, we use valuation techniques that place greater reliance on observable inputs and less reliance on unobservable inputs. Due to the inherent uncertainty in the valuation process, our estimate of fair value may differ materially from the values that would have been used had a ready market for the securities existed. In addition, changes in the market environment, portfolio company performance and other events may occur over the lives of the investments that may cause the gains or losses ultimately realized on these investments to be materially different than the valuations currently assigned. We determine the fair value of each individual investment and record changes in fair value as unrealized appreciation or depreciation. Pursuant to our internal valuation process, each portfolio company is valued once a quarter. In addition to our internal valuation process, our Board of Directors retains a nationally recognized firm to provide limited scope third party valuation services on certain portfolio investments. Our Board of Directors retained Duff & Phelps to provide limited scope third party valuation services on six investments comprising 78% of our net asset value at March 31, 2011. For full disclosure of Duff & Phelps' services, see page 5 of our Annual Report on Form 10-K under the heading “Determination of Net Asset Value and Portfolio Valuation Process.” We believe our investments at December 31, 2011 and March 31, 2011 approximate fair value as of those dates based on the markets in which we operate and other conditions in existence at those reporting periods. Investments Investments are stated at fair value determined by our Board of Directors as described in Notes to the Consolidated Schedule of Investments and Note 3. The average cost method is used in determining cost of investments sold. Investments are recorded on a trade date basis. Cash and Cash Equivalents Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less at the date of purchase. Cash and cash equivalents are carried at cost, which approximates fair value. Segment Information The Company operates and manages its business in a singular segment. As an investment company, the Company invests in companies in various industries and geographic areas as presented in the Consolidated Schedule of Investments. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Interest and Dividend Income Interest and dividend income is recorded on an accrual basis to the extent amounts are expected to be collected. Dividend income is recorded at the ex-dividend date for securities of publicly traded companies. In accordance with our valuation policy, accrued interest and dividend income is evaluated periodically for collectability. When a debt or loan becomes 90 days or more past due, and if we otherwise do not expect the debtor to be able to service all of its debt or other obligations, we will generally establish a reserve against the interest income, thereby placing the loan or debt security's status on non-accrual basis, and cease to recognize interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security's status significantly improves regarding ability to service debt or other obligations, it will be restored to accrual basis. Federal Income Taxes CSC and CSVC have elected and intend to comply with the requirements of the Internal Revenue Code (IRC) necessary to qualify as regulated investment companies (RICs). By meeting these requirements, they will not be subject to corporate federal income taxes on ordinary income distributed to shareholders. In order to comply as a RIC, each company is required to timely distribute to its shareholders at least 90% of investment taxable income, as defined by the IRC, each year. Taxable income generally differs from net income for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses. Taxable income generally excludes net unrealized appreciation or depreciation, as investment gains and losses are not included in taxable income until they are realized. The Company's policy is to retain and pay the applicable corporate tax on realized long-term capital gains. For investment companies that qualify as RICs under the IRC, federal income taxes payable on security gains that the Company elects to retain are accrued only on the last day of our tax year, December 31. See Note 4 for further discussion. CSMC, a wholly owned subsidiary of CSC, is not a RIC and is required to pay taxes at the current corporate rate. We account for interest and penalties as part of operating expenses. There were no interest or penalties incurred during the nine months ended December 31, 2011 and 2010. Deferred Taxes CSMC sponsors a qualified defined benefit pension plan which covers its employees and employees of certain of its controlled affiliates. Deferred taxes related to the qualified defined benefit pension plan are recorded as incurred. Stock-Based Compensation We account for our stock-based compensation using the fair value method, as prescribed by ASC 718, Compensation – Stock Compensation. Accordingly, we recognize stock-based compensation cost over the straight-line method for all share-based payments granted and for all awards granted to employees prior to April 1, 2006 that remain unvested. The fair value of stock options is determined on the date of grant using the Black-Scholes pricing model and is expensed over the vesting period of the related stock options. See Note 6 for further discussion. Defined Pension Benefits and Other Postretirement Plans We record annual amounts relating to the defined benefit pension plan based on calculations, which include various actuarial assumptions such as discount rates and assumed rates of return depending on the pension plan. Material changes in pension costs may occur in the future due to changes in the discount rate, changes in the expected long-term rate of return, changes in level of contributions to the plans and other factors. The funded status is the difference between the fair value of plan assets and the benefit obligation. We recognize changes in the funded status of defined benefit plan in the Statement of Assets and Liabilities in the year in which the changes occur and measure defined benefit plan assets and obligations as of the date of the company's fiscal year-end. We presently use March 31 as the measurement date for our defined benefit plan. Concentration of Risk We place our idle cash in financial institutions, and at times, such balances may be in excess of the federally insured limits. On 11/19/2010, the FDIC issued a Final Rule implementing section 434 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that provides for unlimited insurance coverage of noninterest bearing transaction accounts beginning December 31, 2010 and continuing through December 31, 2012. Recent Accounting Pronouncements In May 2011, the FASB issued ASU 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs,” which results in common fair value measurement and disclosure requirements in U.S. GAAP and IFRSs. ASU 2011-04 results in common fair value measurement and disclosure requirements in U.S. GAAP and IFRSs. ASU 2011-04 is effective for interim and annual reporting periods beginning after December 15, 2011. Adoption of ASU 2011-04 is not expected to have a significant impact on the company's financial condition and results of operations. |
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The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVESTMENTS
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Dec. 31, 2011
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| INVESTMENTS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVESTMENTS | 3. INVESTMENTS We record our investments at fair value as determined in good faith by our Board of Directors in accordance with GAAP. When available, we base the fair value of our investments on directly observable market prices or on market data derived for comparable assets. For all other investments, inputs used to measure fair value reflect management's best estimate of assumptions that would be used by market participants in pricing the investments in a hypothetical transaction. The levels of fair value inputs used to measure our investments are characterized in accordance with the fair value hierarchy established by ASC. We use judgment and consider factors specific to the investment in determining the significance of an input to a fair value measurement. While management believes our valuation methodologies are appropriate and consistent with market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The three levels of the fair value hierarchy and investments that fall into each of the levels are described below:
As required by ASC 820, when the inputs used to measure fair value fall within different levels of the hierarchy, the level within the fair value measurement is categorized based on the lowest level input that is significant to the fair value measurement which may include inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Therefore, gains and losses for such investments categorized within the Level 3 table below may include changes in fair value that are attributable to both observable inputs (Levels 1 and 2) and unobservable (Level 3). We conduct reviews of fair value hierarchy classifications on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification of certain investments. As of December 31, 2011 and March 31, 2011, 97.7% and 94.5%, respectively, of our portfolio investments were categorized as Level 3. The following fair value hierarchy tables set forth our investment portfolio by level as of December 31, 2011 and March 31, 2011 (in millions):
The following table provides a summary of changes in the fair value of investments measured using Level 3 inputs during the nine months ended December 31, 2011 (in millions):
The following table provides a summary of changes in the fair value of investments measured using Level 3 inputs during the quarter ended December 31, 2011 (in millions):
The total unrealized gains (losses) included in earnings that related to assets still held at report date for the nine months ended December 31, 2011 and 2010 were $10,243,394 and $45,944,129, respectively. |
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES
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Dec. 31, 2011
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| Income Taxes [Abstract] | |||||||
| INCOME TAXES | 4. INCOME TAXES We operate to qualify as a RIC under Subchapter M of the IRC. In order to qualify as a RIC, we must annually distribute at least 90% of our taxable ordinary income, based on our tax year, to our shareholders in a timely manner. Ordinary income includes net short-term capital gains but excludes net long-term capital gains. A RIC is not subject to federal income tax on the portion of its ordinary income and long-term capital gains that are distributed to its shareholders, including “deemed distributions” discussed below. As permitted by the Code, a RIC can designate dividends paid in the subsequent tax year as dividends of current year ordinary income and net long-term gains if those dividends are both declared by the extended due date of the RIC's federal income tax return and paid to shareholders by the last day of the subsequent tax year. We have a calendar tax year end of December 31. We have distributed or intend to distribute sufficient dividends to eliminate taxable income for our completed tax years. If we fail to satisfy the 90% distribution requirement or otherwise fail to qualify as a RIC in any tax year, we would be subject to tax in such year on all of our taxable income, regardless of whether we made any distributions to our shareholders. For the tax year ended December 31, 2011 and 2010, we declared and paid ordinary dividends in the amount of $3,003,030 and $2,993,623, respectively. Additionally, we are subject to a nondeductible federal excise tax of 4% if we do not distribute at least 98% of our investment company ordinary taxable income before the end of our tax year. For the tax years ended December 31, 2010 and 2009, we distributed 100% of our investment company ordinary taxable income. As a result, we have made no tax provisions for income taxes on ordinary taxable income for the tax years ended December 31, 2011 and 2010. A RIC may elect to retain its long-term capital gains by designating them as “deemed distribution” to its shareholders and paying a federal tax rate of 35% on the long-term capital gains for the benefit of its shareholders. Shareholders then report their share of the retained capital gains on their income tax returns as if it had been received and report a tax credit for tax paid on their behalf by the RIC. Shareholders then add the amount of the “deemed distribution” net of such tax, to the basis of their shares.
For the quarters ended December 31, 2011 and 2010, CSC and CSVC qualified to be taxed as RICs. We intend to meet the applicable qualifications to be taxed as a RIC in future years. Management feels it is probable that we will maintain our RIC status for a period longer than one year. However, either company's ability to meet certain portfolio diversification requirements of RICs in future years may not be controllable by such company. CSMC, a wholly owned subsidiary of CSC, is not a RIC and is required to pay taxes at the current corporate rate. The Company sponsors a qualified defined benefit pension plan which covers its employees and employees of certain of its wholly owned portfolio companies. Deferred taxes related to the qualified defined pension plan are recorded as incurred. |
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACCUMULATED NET REALIZED GAIN (LOSS)
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Dec. 31, 2011
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| ACCUMULATED NET REALIZED GAIN (LOSS) [Abstract] | |
| ACCUMULATED NET REALIZED GAIN (LOSS) | 5. ACCUMULATED NET REALIZED GAIN (LOSS) Distributions made by RICs often differ from aggregate GAAP-basis undistributed net investment income and accumulated net realized gains (total GAAP-basis net realized gains). The principal cause is that required minimum fund distributions are based on income and gain amounts determined in accordance with federal income tax regulations, rather than GAAP. The differences created can be temporary, meaning that they will reverse in the future, or they can be permanent. In subsequent periods, when all or a portion of a temporary difference becomes a permanent difference, the amount of the permanent difference will be reclassified to “additional capital.” We incur federal taxes on behalf of our shareholders as a result of our election to retain long-term capital gains. As of December 31, 2011 we had accumulated long-term capital gains of $11,328,436; however, as of March 31, 2011 we had accumulated long-term capital losses of $6,863,347. In accordance with the RIC rules, we elected to retain our long-term capital gains for the tax year ended December 31, 2011, pay the applicable income taxes of $1,248,932, and designate the after-tax gain as “deemed distributions” to our shareholders. “Deemed distributions” are reclassed from accumulated net realized gains into additional paid in capital. As of December 31, 2011, we reclassed $3,216,159 as “deemed distributions.” |
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The entire disclosure of undistributed net realized gains (losses) on investments reported in the statement of income. No definition available.
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EMPLOYEE STOCK OPTION PLANS
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| EMPLOYEE STOCK OPTION PLANS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EMPLOYEE STOCK OPTION PLANS | 6. EMPLOYEE STOCK OPTION PLANS On July 20, 2009, shareholders approved the Company's 2009 Stock Incentive Plan (the “2009 Plan”), which provides for the granting of stock options to employees and officers of the Company and authorizes the issuance of common stock upon exercise of such options for up to 140,000 shares. All options are granted at or above market price, generally expire up to ten years from the date of grant and are generally exercisable on or after the first anniversary of the date of grant in five annual installments. The following table illustrates the number of options granted since the 2009 Plan was approved:
All 83,750 options remain outstanding, thus leaving 56,250 options available for grant under the plan as of December 31, 2011. The Company previously granted stock options under its 1999 Stock Option Plan (the “1999 Plan”), as approved by shareholders on July 19, 1999. The 1999 Plan expired on April 19, 2009. Options previously made under the Company's 1999 Stock Option Plan and outstanding on July 20, 2009 continue in effect governed by provisions of the 1999 plan. All options granted under the 1999 Plan were granted at or above market price, generally expire up to ten years from the date of grant and are generally exercisable on or after the first anniversary of the date of grant in five to ten annual installments. We recognize compensation cost over the straight-line method for all share-based payments granted and for all awards granted to employees prior to April 1, 2006 that remain unvested. The fair value of stock options are determined on the date of grant using the Black-Scholes pricing model and are expensed over the vesting period of the related stock options. Accordingly, for the quarters ended December 31, 2011 and 2010, we recognized compensation expense of $253,350 and $244,650 respectively. For the nine months ended December 31, 2011 and 2010, we recognized compensation expense of $756,573 and $712,517, respectively. As of December 31, 2011, the total remaining unrecognized compensation cost related to non-vested stock options was $2,367,156, which will be amortized over the remaining weighted average service period of approximately 2.7 years. The following table summarizes the 2009 Plan and the 1999 Plan price per option at grant date using the Black-Scholes pricing model:
The following table summarizes activity in the 2009 Plan and the 1999 Plan as of December 31, 2011:
At December 31, 2011, the range of exercise prices and weighted-average remaining contractual life of outstanding options was $76.74 to $152.98 and 2.7 years, respectively. The number of options exercisable under the 2009 Plan and the 1999 Plan, at December 31, 2011, was 83,590 with a weighted-average exercise price of $113.04. There were 1,500 options exercised and new shares-issued for $98,550 in cash during the nine months ended December 31, 2011 and 782 options exercised and new shares issued for $51,377 in cash during the nine months ended December 31, 2010. |
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- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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COMMITMENTS
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Dec. 31, 2011
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| COMMITMENTS [Abstract] | |
| COMMITMENTS | 7. COMMITMENTS From time to time the Company may be liable for claims against its portfolio companies. We do not believe the effects of such claims would have a material impact on our results of operations and financial condition. CSC has agreed, subject to certain conditions, to invest up to $9,658,215 in nine portfolio companies. |
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SUMMARY OF PER SHARE INFORMATION
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Dec. 31, 2011
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| SUMMARY OF PER SHARE INFORMATION [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SUMMARY OF PER SHARE INFORMATION | 8. SUMMARY OF PER SHARE INFORMATION The following presents a summary of per share data for the nine and three months ended December 31, 2011 and 2010.
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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