Document and Entity Information (USD $)
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12 Months Ended | ||
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Mar. 31, 2013
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May 30, 2013
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Sep. 30, 2012
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Document and Entity Information [Abstract] | |||
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 | $ 265,138,798 | ||
Entity Common Stock, Shares Outstanding | 3,809,316 | ||
Document Fiscal Year Focus | 2013 | ||
Document Fiscal Period Focus | FY | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Mar. 31, 2013 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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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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- 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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- 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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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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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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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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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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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. 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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- 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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- 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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- 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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- 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 (USD $)
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Mar. 31, 2013
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Mar. 31, 2012
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Investments at market or fair value | ||||||||||
Companies more than 25% owned (Cost: March 31, 2013 - $13,711, March 31, 2012 - $14,870) | $ 344,790,000 | $ 283,575,000 | ||||||||
Companies 5% to 25% owned (Cost: March 31, 2013 - $15,594, March 31, 2012 - $14,003) | 157,394,000 | 209,222,000 | ||||||||
Companies less than 5% owned (Cost: March 31, 2013 - $58,961, March 31, 2012 - $60,120) | 72,003,000 | 65,749,000 | ||||||||
Total investments (Cost: March 31, 2013 - $88,266, March 31, 2012 - $88,993) | 574,186,572 | [1],[2],[3] | 558,546,332 | [1],[2],[3] | ||||||
Cash and cash equivalents | 81,767,000 | 64,895,000 | ||||||||
Receivables | ||||||||||
Dividends and interest | 2,465,000 | 1,741,000 | ||||||||
Affiliates | 291,000 | 220,000 | ||||||||
Pension assets | 8,762,000 | 7,349,000 | ||||||||
Other assets | 200,000 | 238,000 | ||||||||
Total assets | 667,672,000 | 632,989,000 | ||||||||
Liabilities | ||||||||||
Other liabilities | 3,102,000 | 688,000 | ||||||||
Pension liability | 2,650,000 | 1,568,000 | ||||||||
Deferred income taxes | 2,143,000 | 2,027,000 | ||||||||
Total liabilities | 7,895,000 | 4,283,000 | ||||||||
Net Assets | ||||||||||
Common stock, $1 par value: authorized, 5,000,000 shares; issued, 4,394,194 shares at March 31, 2013 and 4,339,416 shares at March 31, 2012 | 4,394,000 | 4,339,000 | ||||||||
Additional capital | 183,668,000 | 177,841,000 | ||||||||
Accumulated net investment income | (706,000) | 412,000 | ||||||||
Accumulated net realized gain | 10,437,000 | 498,000 | ||||||||
Unrealized appreciation of investments | 485,921,000 | 469,553,000 | ||||||||
Treasury stock - at cost on 584,878 shares | (23,937,000) | (23,937,000) | ||||||||
Total net assets | 659,777,000 | 628,706,000 | ||||||||
Total liabilities and net assets | $ 667,672,000 | $ 632,989,000 | ||||||||
Net asset value per share (on the 3,809,316 shares outstanding at March 31, 2013 and 3,754,538 shares outstanding at March 31, 2012) (in dollars per share) | $ 173.20 | $ 167.45 | ||||||||
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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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- 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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- 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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- Details
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- Definition
Net asset value per share. No definition available.
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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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- 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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- 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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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
Amount before allocation of valuation allowances of deferred tax liability to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- 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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- 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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- 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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- 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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- 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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- Details
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- 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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- Details
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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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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- 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 (Parenthetical) (USD $)
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Mar. 31, 2013
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Mar. 31, 2012
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Investments at market or fair value | ||||||||
Companies more than 25% owned, Cost | $ 13,711,000 | $ 14,870,000 | ||||||
Companies 5% to 25% owned, Cost | 15,594,000 | 14,003,000 | ||||||
Companies less than 5% owned, Cost | 58,961,000 | 60,120,000 | ||||||
Total investments, Cost | $ 88,265,649 | [1],[2] | $ 88,992,822 | [1],[2] | ||||
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) | 4,394,194 | 4,339,416 | ||||||
Treasury stock, at cost (in shares) | 584,878 | 584,878 | ||||||
Net asset value per share (in shares) | 3,809,316 | 3,754,538 | ||||||
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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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- 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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- Details
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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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- 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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- Details
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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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- 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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- 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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- Definition
Cost of the investment. No definition available.
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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 (USD $)
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12 Months Ended | ||
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Mar. 31, 2013
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Mar. 31, 2012
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Mar. 31, 2011
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Investment income: | |||
Interest | $ 2,078,000 | $ 1,980,180 | $ 1,364,138 |
Dividends | 8,093,000 | 6,720,441 | 5,432,271 |
Management fees and other income | 664,000 | 634,000 | 772,000 |
Revenues total | 10,835,000 | 9,334,000 | 7,568,000 |
Operating expenses: | |||
Salaries | 5,113,000 | 3,653,000 | 3,089,000 |
Stock option and restricted awards expense | 515,000 | 1,050,000 | 957,000 |
Net pension benefit | (34,000) | (300,000) | (291,000) |
Professional fees | 1,133,000 | 990,000 | 819,000 |
Other operating expenses | 1,611,000 | 1,279,000 | 1,064,000 |
Total operating expenses | 8,338,000 | 6,672,000 | 5,638,000 |
Income before income taxes | 2,497,000 | 2,662,000 | 1,930,000 |
Income tax expense | 590,000 | 118,000 | 126,000 |
Net investment income | 1,907,000 | 2,544,000 | 1,804,000 |
Proceeds from disposition of investments | 99,542,000 | 32,454,000 | 77,750,000 |
Cost of investments sold | 9,984,000 | 20,627,000 | 14,287,000 |
Realized gain on investments before income tax | 89,557,814 | 11,826,876 | 63,462,583 |
Income tax expense | 1,125,000 | 1,249,000 | 24,578,000 |
Net realized gain on investments | 88,433,000 | 10,578,000 | 38,885,000 |
Net increase in unrealized appreciation of investments | 16,367,000 | 78,635,000 | 12,999,000 |
Net realized and unrealized gain on investments | 104,800,000 | 89,213,000 | 51,884,000 |
Increase in net assets from operations | $ 106,707,000 | $ 91,757,000 | $ 53,688,000 |
X | ||||||||||
- 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. Includes the total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. No definition available.
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- Definition
The costs of investments sold by an entity during the reporting period. No definition available.
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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 | ||||||||||
- 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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- 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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- 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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- 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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- 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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- 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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- 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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- 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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- Details
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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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- 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 | ||||||||||
- 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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- Details
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X | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- 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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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
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X | ||||||||||
- Definition
Allocated increase (decrease) in the period in share value for deemed distribution. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- 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.
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of net assets. No definition available.
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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.
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X | ||||||||||
- Definition
This item represents the net realized gain (loss) during the reporting period for long-term capital gains that are distributed to its shareholders. No definition available.
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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.
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- Details
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X | ||||||||||
- Definition
Undistributed net investment income during the reporting period. No definition available.
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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
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amount due to fund retirement benefits to employees, retired and disabled former employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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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
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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
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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 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
Element represents payment of federal income tax for deemed capital gains distribution. 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
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. 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
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. 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
Cash dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations that are returns of capital. Excludes dividends or distributions from equity method investments classified as operating activities. No definition available.
|
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 other real estate transferred from the entity's other real estate in noncash transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)
|
10 Months Ended | ||
---|---|---|---|
Jan. 31, 2011
|
Dec. 31, 2012
TRAX HOLDINGS, INC. [Member]
Series B Convertible Preferred Stock [Member]
|
Jul. 31, 2011
iMEMORIES, INC. [Member]
Series C Convertible Preferred Stock [Member]
|
|
Schedule of Investments [Line Items] | |||
Conversion of notes to preferred stock | $ 2,913,521 | ||
Investment cost | 3,200,000 | 1,000,000 | |
Accrued interest receivable | $ 800,000 |
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Cost of the investment. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED SCHEDULE OF INVESTMENTS (USD $)
|
12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
|||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Cost | $ 88,265,649 | [1],[2] | $ 88,992,822 | [1],[2] | ||||||||||||||||||
Value | 574,186,572 | [1],[2],[3] | 558,546,332 | [1],[2],[3] | ||||||||||||||||||
ALAMO GROUP INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Seguin, Texas | Seguin, Texas | ||||||||||||||||||||
Description of company | Tractor-mounted mowing and mobile excavation equipment for governmental, industrial and agricultural markets; street-sweeping equipment for municipalities. | Tractor-mounted mowing and mobile excavation equipment for governmental, industrial and agricultural markets; street-sweeping equipment for municipalities. | ||||||||||||||||||||
Equity (in hundredths) | 22.00% | [1],[2],[4],[5],[6] | 22.00% | [1],[2],[4],[5],[6] | ||||||||||||||||||
Investment | 2,832,300 shares common stock (acquired 4-1-73 thru 5-09-11) | [1],[2],[4],[6],[7],[8] | 2,832,300 shares common stock (acquired 4-1-73 thru 5-09-11) | [1],[2],[4],[6],[7],[8] | ||||||||||||||||||
Cost | 2,190,937 | [1],[2],[4],[6] | 2,190,937 | [1],[2],[4],[6] | ||||||||||||||||||
Value | 108,278,100 | [1],[2],[3],[4],[6] | 85,138,938 | [1],[2],[3],[4],[6] | ||||||||||||||||||
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% | [1],[2],[5] | 1.90% | [1],[2],[5] | ||||||||||||||||||
Investment | 300,000 shares common stock (acquired 4-10-07) | [1],[2],[7] | 300,000 shares common stock (acquired 4-10-07) | [1],[2],[7] | ||||||||||||||||||
Cost | 3,000,000 | [1],[2] | 3,000,000 | [1],[2] | ||||||||||||||||||
Value | 2,950,000 | [1],[2],[3] | 2,299,000 | [1],[2],[3] | ||||||||||||||||||
BALCO, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Wichita, Kansas | Wichita, Kansas | ||||||||||||||||||||
Description of company | Specialty architectural products used in the construction and remodeling of commercial and institutional buildings. | Specialty architectural products used in the construction and remodeling of commercial and institutional buildings. | ||||||||||||||||||||
Equity (in hundredths) | 95.70% | [1],[2],[5],[9] | 95.70% | [1],[2],[5],[9] | ||||||||||||||||||
Investment | 445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02) | [1],[2],[7],[9] | 445,000 shares common stock and 60,920 shares Class B non-voting common stock (acquired 10-25-83 and 5-30-02) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 624,920 | [1],[2],[9] | 624,920 | [1],[2],[9] | ||||||||||||||||||
Value | 4,500,000 | [1],[2],[3],[9] | 4,100,000 | [1],[2],[3],[9] | ||||||||||||||||||
BOXX TECHNOLOGIES, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Austin, Texas | Austin, Texas | ||||||||||||||||||||
Description of company | Workstations for computer graphic imaging and design. | Workstations for computer graphic imaging and design. | ||||||||||||||||||||
Equity (in hundredths) | 14.90% | [1],[2],[5],[6] | 14.90% | [1],[2],[5],[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) | [1],[2],[6],[7] | 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) | [1],[2],[6],[7] | ||||||||||||||||||
Cost | 1,500,000 | [1],[2],[6] | 1,500,000 | [1],[2],[6] | ||||||||||||||||||
Value | 1,240,000 | [1],[2],[3],[6] | 600,000 | [1],[2],[3],[6] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Cost | 14,322,885 | [1],[2] | 13,563,842 | [1],[2] | ||||||||||||||||||
Value | 1,171,001 | [1],[2],[3] | 6,002,348 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 1 [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% | [1],[2],[5] | 73.40% | [1],[2],[5] | ||||||||||||||||||
Investment | 12% subordinated secured promissory note, due 5-9-16 (acquired 5-19-10 thru 10-20-10) | [1],[2],[7] | 12% subordinated secured promissory note, due 5-9-16 (acquired 5-19-10 thru 10-20-10) | [1],[2],[7] | ||||||||||||||||||
Cost | 779,278 | [1],[2] | 779,278 | [1],[2] | ||||||||||||||||||
Value | 81,000 | [1],[2],[3] | 444,189 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 2 [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. | ||||||||||||||||||||
Investment | 12% subordinated secured promissory note, due 5-9-17 (acquired 5-9-11 thru 10-26-11) | [1],[2],[7] | 12% subordinated secured promissory note, due 5-9-17 (acquired 5-9-11 thru 10-26-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 2,285,700 | [1],[2] | 2,285,700 | [1],[2] | ||||||||||||||||||
Value | 237,000 | [1],[2],[3] | 1,302,849 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 3 [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. | ||||||||||||||||||||
Investment | 12% subordinated secured promissory note, due 3-31-17 (acquired 9-9-11 and 10-26-11) | [1],[2],[7] | 12% subordinated secured promissory note, due 8-31-16 (acquired 9-9-11 and 10-26-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 1,523,800 | [1],[2] | 1,264,754 | [1],[2] | ||||||||||||||||||
Value | 158,000 | [1],[2],[3] | 720,910 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 4 [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. | ||||||||||||||||||||
Investment | 10% subordinated secured promissory note, due 5-9-17 (acquired 7-14-08 thru 4-28-10) | [1],[2],[7] | 10% subordinated secured promissory note, due 5-9-17 (acquired 7-14-08 thru 4-28-10) | [1],[2],[7] | ||||||||||||||||||
Cost | 6,200,700 | [1],[2] | 6,200,700 | [1],[2] | ||||||||||||||||||
Value | 643,000 | [1],[2],[3] | 3,534,399 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 5 [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. | ||||||||||||||||||||
Investment | 12% subordinated secured promissory note, due 10-31-17 (acquired 10-19-12) | [1],[2],[7] | 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) | [1],[2],[7] | ||||||||||||||||||
Cost | 499,997 | [1],[2] | 3,033,410 | [1],[2] | ||||||||||||||||||
Value | 52,000 | [1],[2],[3] | 1 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 6 [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. | ||||||||||||||||||||
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) | [1],[2],[7] | Warrants to purchase 1,269,833 shares of common stock at $1.00 per share, expiring 8-31-21 (acquired 5-9-11 thru 8-31-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 3,033,410 | [1],[2] | 0 | [1],[2] | ||||||||||||||||||
Value | 1 | [1],[2],[3] | 0 | [1],[2],[3] | ||||||||||||||||||
CINATRA CLEAN TECHNOLOGIES, INC. [Member] | Investment Type 7 [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Houston, Texas | |||||||||||||||||||||
Description of company | Cleans above ground oil storage tanks with a patented, automated system. | |||||||||||||||||||||
Investment | Warrants to purchase 1,436,499 shares of common stock at $1.00 per share, expiring 10-31-2027 (acquired 5-9-11 thru 10-19-12) | [1],[2],[7] | ||||||||||||||||||||
Cost | 0 | [1],[2] | ||||||||||||||||||||
Value | 0 | [1],[2],[3] | ||||||||||||||||||||
ENCORE WIRE CORPORATION [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | McKinney, Texas | McKinney, Texas | ||||||||||||||||||||
Description of company | Electric wire and cable for residential, commercial and industrial construction use. | Electric wire and cable for residential, commercial and industrial construction use. | ||||||||||||||||||||
Equity (in hundredths) | 6.20% | [1],[2],[4],[5],[6] | 16.90% | [1],[2],[4],[5],[6] | ||||||||||||||||||
Investment | 1,312,500 shares common stock (acquired 9-10-92 thru 10-15-98) | [1],[2],[4],[6],[7],[8] | 4,086,750 shares common stock (acquired 7-16-92 thru 10-7-98) | [1],[2],[4],[6],[7],[8] | ||||||||||||||||||
Cost | 5,200,000 | [1],[2],[4],[6] | 5,800,000 | [1],[2],[4],[6] | ||||||||||||||||||
Value | 45,950,625 | [1],[2],[3],[4],[6] | 121,458,210 | [1],[2],[3],[4],[6] | ||||||||||||||||||
EXTREME INTERNATIONAL, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Cost | 3,325,875 | [1],[2] | ||||||||||||||||||||
Value | 10,162,000 | [1],[2],[3] | ||||||||||||||||||||
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 1 [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Sugar Land, Texas | |||||||||||||||||||||
Description of company | Owns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos. | |||||||||||||||||||||
Equity (in hundredths) | 53.60% | [1],[2],[5] | ||||||||||||||||||||
Investment | 13,035 shares Series A Common Stock (acquired 9-26-08 and 12-18-08) | [1],[2],[7] | ||||||||||||||||||||
Cost | 325,875 | [1],[2] | ||||||||||||||||||||
Value | 714,000 | [1],[2],[3] | ||||||||||||||||||||
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 2 [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Sugar Land, Texas | |||||||||||||||||||||
Description of company | Owns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos. | |||||||||||||||||||||
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) | [1],[2],[7] | ||||||||||||||||||||
Cost | 2,625,000 | [1],[2] | ||||||||||||||||||||
Value | 8,626,000 | [1],[2],[3] | ||||||||||||||||||||
EXTREME INTERNATIONAL, INC. [Member] | Investment Type 3 [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Sugar Land, Texas | |||||||||||||||||||||
Description of company | Owns Bill Young Productions, Texas Video and Post, and Extreme and television commercials and corporate communications videos. | |||||||||||||||||||||
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) | [1],[2],[7] | ||||||||||||||||||||
Cost | 375,000 | [1],[2] | ||||||||||||||||||||
Value | 822,000 | [1],[2],[3] | ||||||||||||||||||||
HEELYS, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Carrollton, Texas | |||||||||||||||||||||
Description of company | Heelys stealth skate shoes, equipment and apparel sold through sporting goods chains, department stores and footwear retailers. | |||||||||||||||||||||
Equity (in hundredths) | 31.10% | [1],[2],[4],[5],[9] | ||||||||||||||||||||
Investment | 9,317,310 shares common stock (acquired 5-26-00) | [1],[2],[4],[7],[8],[9] | ||||||||||||||||||||
Cost | 102,490 | [1],[2],[4],[9] | ||||||||||||||||||||
Value | 20,498,082 | [1],[2],[3],[4],[9] | ||||||||||||||||||||
HOLOGIC, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Bedford, Massachusetts | Bedford, Massachusetts | ||||||||||||||||||||
Description of company | Medical instruments including bone densitometers, mammography devices and digital radiography systems. | Bedford, Massachusetts Medical instruments including bone densitometers, mammography devices and digital radiography systems. | ||||||||||||||||||||
Equity (in hundredths) | 1.00% | [1],[2],[4],[5] | 1.00% | [1],[2],[4],[5] | ||||||||||||||||||
Investment | 582,820 shares common stock (acquired 8-27-99) | [1],[2],[4],[7] | 632,820 shares common stock (acquired 8-27-99) | [1],[2],[4],[7],[8] | ||||||||||||||||||
Cost | 202,529 | [1],[2],[4] | 220,000 | [1],[2],[4] | ||||||||||||||||||
Value | 13,165,904 | [1],[2],[3],[4] | 13,637,271 | [1],[2],[3],[4] | ||||||||||||||||||
iMEMORIES, INC. [Member]
|
||||||||||||||||||||||
Schedule of Investments [Line Items] | ||||||||||||||||||||||
Cost | 5,826,479 | [1],[2] | 5,078,479 | [1],[2] | ||||||||||||||||||
Value | 5,826,479 | [1],[2],[3] | 5,078,479 | [1],[2],[3] | ||||||||||||||||||
iMEMORIES, INC. [Member] | Investment Type 1 [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) | 23.00% | [1],[2],[5] | 25.30% | [1],[2],[5] | ||||||||||||||||||
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) | [1],[2],[7] | 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) | [1],[2],[7] | ||||||||||||||||||
Cost | 4,000,000 | [1],[2] | 4,000,000 | [1],[2] | ||||||||||||||||||
Value | 4,000,000 | [1],[2],[3] | 4,000,000 | [1],[2],[3] | ||||||||||||||||||
iMEMORIES, INC. [Member] | Investment Type 2 [Member]
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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. | ||||||||||||||||||||
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) | [1],[2],[7] | 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) | [1],[2],[7] | ||||||||||||||||||
Cost | 1,078,479 | [1],[2] | 1,078,479 | [1],[2] | ||||||||||||||||||
Value | 1,078,479 | [1],[2],[3] | 1,078,479 | [1],[2],[3] | ||||||||||||||||||
iMEMORIES, INC. [Member] | Investment Type 3 [Member]
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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. | [1],[2] | Enables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format. | |||||||||||||||||||
Investment | Warrants to purchase 2,500,000 shares of common stock at $0.12 per share, expiring 1-21-21(acquired 9-13-10 thru 1-21-11) | [1],[2],[7] | Warrants to purchase 2,500,000 shares of common stock at $0.12 per share, expiring 1-21-21(acquired 9-13-10 thru 1-21-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 0 | [1],[2] | 0 | [1],[2] | ||||||||||||||||||
Value | 0 | [1],[2],[3] | 0 | [1],[2],[3] | ||||||||||||||||||
iMEMORIES, INC. [Member] | Investment Type 4 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Scottsdale, Arizona | |||||||||||||||||||||
Description of company | Enables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format. | |||||||||||||||||||||
Investment | 10% convertible notes, $308,000 principal due 7-31-14 (acquired 9-7-12) | [1],[2],[7] | ||||||||||||||||||||
Cost | 308,000 | [1],[2] | ||||||||||||||||||||
Value | 308,000 | [1],[2],[3] | ||||||||||||||||||||
iMEMORIES, INC. [Member] | Investment Type 5 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Scottsdale, Arizona | |||||||||||||||||||||
Description of company | Enables online video and photo sharing and DVD creation for home movies recorded in analog and new digital format. | |||||||||||||||||||||
Investment | 10% convertible notes, $400,000 principal due 7-31-14 (acquired 3-15-13 | [1],[2],[7] | ||||||||||||||||||||
Cost | 440,000 | [1],[2] | ||||||||||||||||||||
Value | 440,000 | [1],[2],[3] | ||||||||||||||||||||
INSTAWARES HOLDING COMPANY, LLC [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Atlanta, Georgia | Atlanta, Georgia | ||||||||||||||||||||
Description of company | Provides services to the restaurant industry via its five subsidiary companies. | Provides services to the restaurant industry via its five subsidiary companies. | ||||||||||||||||||||
Equity (in hundredths) | 4.50% | [1],[2],[5] | 4.50% | [1],[2],[5] | ||||||||||||||||||
Investment | 3,846,154 Class D shares (acquired 5-20-11) | [1],[2],[7] | 3,846,154 Class D shares (acquired 5-20-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 5,000,000 | [1],[2] | 5,000,000 | [1],[2] | ||||||||||||||||||
Value | 5,975,000 | [1],[2],[3] | 5,000,000 | [1],[2],[3] | ||||||||||||||||||
KBI BIOPHARMA, INC. [Member]
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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% | [1],[2],[5] | ||||||||||||||||||||
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) | [1],[2],[7] | ||||||||||||||||||||
Cost | 5,000,000 | [1],[2] | 5,000,000 | [1],[2] | ||||||||||||||||||
Value | 5,200,000 | [1],[2],[3] | 3,200,000 | [1],[2],[3] | ||||||||||||||||||
KBI BIOPHARMA, INC. [Member] | Investment Type 1 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 17.10% | [1],[2],[5] | ||||||||||||||||||||
Investment | 10,204,082 shares Series B-2 Convertible Preferred Stock, convertible into 10,204,802 shares of common stock at $0.49 per share (acquired 9-08-09) | [1],[2],[7] | ||||||||||||||||||||
Cost | 5,000,000 | [1],[2] | ||||||||||||||||||||
Value | 5,200,000 | [1],[2],[3] | ||||||||||||||||||||
KBI BIOPHARMA, INC. [Member] | Investment Type 2 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Investment | Warrants to purchase 94,510 shares of preferred stock at $ 0.70 per share, acquired 1-26-12 | [1],[2],[7] | ||||||||||||||||||||
Cost | 0 | [1],[2] | ||||||||||||||||||||
Value | 0 | [1],[2],[3] | ||||||||||||||||||||
MEDIA RECOVERY, INC. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Dallas, Texas | |||||||||||||||||||||
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. | |||||||||||||||||||||
Cost | 5,415,000 | [1],[2] | 5,415,000 | [1],[2],[9] | ||||||||||||||||||
Value | 11,900,000 | [1],[2],[3] | 18,700,000 | [1],[2],[3],[9] | ||||||||||||||||||
MEDIA RECOVERY, INC. [Member] | Investment Type 1 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Dallas, Texas | |||||||||||||||||||||
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. | |||||||||||||||||||||
Equity (in hundredths) | 97.90% | [1],[2],[5],[9] | 97.90% | [1],[2],[5],[9] | ||||||||||||||||||
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) | [1],[2],[7],[9] | 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) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 800,000 | [1],[2],[9] | 800,000 | [1],[2],[9] | ||||||||||||||||||
Value | 2,000,000 | [1],[2],[3],[9] | 3,100,000 | [1],[2],[3],[9] | ||||||||||||||||||
MEDIA RECOVERY, INC. [Member] | Investment Type 2 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Dallas, Texas | |||||||||||||||||||||
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. | |||||||||||||||||||||
Investment | 4,000,002 shares common stock (acquired 11-4-97) | [1],[2],[7] | 4,000,002 shares common stock (acquired 11-4-97) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 4,615,000 | [1],[2] | 4,615,000 | [1],[2],[9] | ||||||||||||||||||
Value | 9,900,000 | [1],[2],[3] | 15,600,000 | [1],[2],[3],[9] | ||||||||||||||||||
PALLETONE, INC. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Bartow, Florida | Bartow, Florida | ||||||||||||||||||||
Description of company | Manufacturer of wooden pallets and pressure-treated lumber. | Manufacturer of wooden pallets and pressure-treated lumber. | ||||||||||||||||||||
Cost | 1,703,150 | [1],[2] | 1,703,150 | [1],[2],[6] | ||||||||||||||||||
Value | 1,900,002 | [1],[2],[3] | 2,000,002 | [1],[2],[3],[6] | ||||||||||||||||||
PALLETONE, INC. [Member] | Investment Type 1 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 7.70% | [1],[2],[5],[6] | 7.70% | [1],[2],[5],[6] | ||||||||||||||||||
Investment | 12.3% senior subordinated notes, $2,000,000 principal due 12-18-15 (acquired 9-25-06) | [1],[2],[6],[7] | 12.3% senior subordinated notes, $2,000,000 principal due 12-18-15 (acquired 9-25-06) | [1],[2],[6],[7] | ||||||||||||||||||
Cost | 1,553,150 | [1],[2],[6] | 1,553,150 | [1],[2],[6] | ||||||||||||||||||
Value | 1,900,000 | [1],[2],[3],[6] | 2,000,000 | [1],[2],[3],[6] | ||||||||||||||||||
PALLETONE, INC. [Member] | Investment Type 2 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Investment | 150,000 shares common stock (acquired 10-18-01) | [1],[2],[7] | 150,000 shares common stock (acquired 10-18-01) | [1],[2],[6],[7] | ||||||||||||||||||
Cost | 150,000 | [1],[2] | 150,000 | [1],[2],[6] | ||||||||||||||||||
Value | 2 | [1],[2],[3] | 2 | [1],[2],[3],[6] | ||||||||||||||||||
THE RECTORSEAL CORPORATION [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Houston, Texas | Houston, Texas | ||||||||||||||||||||
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. | 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. | ||||||||||||||||||||
Equity (in hundredths) | 100.00% | [1],[2],[5],[9] | 100.00% | [1],[2],[5],[9] | ||||||||||||||||||
Investment | 27,907 shares common stock (acquired 1-5-73 and 3-31-73) | [1],[2],[7],[9] | 27,907 shares common stock (acquired 1-5-73 and 3-31-73) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 52,600 | [1],[2],[9] | 52,600 | [1],[2],[9] | ||||||||||||||||||
Value | 238,900,000 | [1],[2],[3],[9] | 166,300,000 | [1],[2],[3],[9] | ||||||||||||||||||
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% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | 21 shares 12% Series C Cumulative Compounding Preferred Stock (acquired 1-30-90) | [1],[2],[7] | 21 shares 12% Series C Cumulative Compounding Preferred Stock (acquired 1-30-90) | [1],[2],[7] | ||||||||||||||||||
Cost | 0 | [1],[2] | 0 | [1],[2] | ||||||||||||||||||
Value | 763,000 | [1],[2],[3] | 802,000 | [1],[2],[3] | ||||||||||||||||||
TITANLINER, INC. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Cost | 5,950,000 | [1],[2] | ||||||||||||||||||||
Value | 5,950,000 | [1],[2],[3] | ||||||||||||||||||||
TITANLINER, INC. [Member] | Investment Type 1 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Midland, Texas | |||||||||||||||||||||
Description of company | Manufactures, installs and rents spill containment system for oilfield applications. | |||||||||||||||||||||
Equity (in hundredths) | 29.90% | [1],[2],[5] | ||||||||||||||||||||
Investment | 217,038 shares Series A Convertible Preferred Stock convertible into 217,038 shares of Series A preferred stock at $14.76 per share (acquired 6-29-12) | [1],[2],[7] | ||||||||||||||||||||
Cost | 3,203,000 | [1],[2] | ||||||||||||||||||||
Value | 3,203,000 | [1],[2],[3] | ||||||||||||||||||||
TITANLINER, INC. [Member] | Investment Type 2 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Midland, Texas | |||||||||||||||||||||
Description of company | Manufactures, installs and rents spill containment system for oilfield applications. | |||||||||||||||||||||
Investment | 7% senior subordinated secured promissory note, due 6-30-17 (acquired 6-29-12) | [1],[2],[7] | ||||||||||||||||||||
Cost | 2,747,000 | [1],[2] | ||||||||||||||||||||
Value | 2,747,000 | [1],[2],[3] | ||||||||||||||||||||
TITANLINER, INC. [Member] | Investment Type 3 [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Midland, Texas | |||||||||||||||||||||
Description of company | Manufactures, installs and rents spill containment system for oilfield applications. | |||||||||||||||||||||
Investment | Warrants to purchase 122,239 shares of Series A preferred stock at $ 0.01 per share, expiring 12-31-22 | [1],[2],[7] | ||||||||||||||||||||
Cost | 0 | [1],[2] | ||||||||||||||||||||
Value | 0 | [1],[2],[3] | ||||||||||||||||||||
TRAX HOLDINGS, INC. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Cost | 9,000,000 | [1],[2] | 8,200,000 | [1],[2] | ||||||||||||||||||
Value | 19,400,000 | [1],[2],[3] | 9,800,000 | [1],[2],[3] | ||||||||||||||||||
TRAX HOLDINGS, INC. [Member] | Investment Type 1 [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) | 25.40% | [1],[2],[5] | 29.40% | [1],[2],[5] | ||||||||||||||||||
Investment | 475,430 shares Series B convertible Preferred Stock convertible into 475,430 common stock at $8.41 per share(acquired 12-5-12) | [1],[2],[7] | 18% convertible promissory note, $3,200,000 principal due 9-17-2012 (acquired 4-6-11 thru 11-10-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 4,000,000 | [1],[2] | 3,200,000 | [1],[2] | ||||||||||||||||||
Value | 7,000,000 | [1],[2],[3] | 3,200,000 | [1],[2],[3] | ||||||||||||||||||
TRAX HOLDINGS, INC. [Member] | Investment Type 2 [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. | ||||||||||||||||||||
Investment | 1,061,279 shares Series A Convertible Preferred Stock, convertible into 1,061,279 common stock at $4.71 per share (acquired 12-8-08 and 2-17-09) | [1],[2],[7] | 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) | [1],[2],[7] | ||||||||||||||||||
Cost | 5,000,000 | [1],[2] | 5,000,000 | [1],[2] | ||||||||||||||||||
Value | 12,400,000 | [1],[2],[3] | 6,600,000 | [1],[2],[3] | ||||||||||||||||||
VIA HOLDINGS, INC. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Sparks, Nevada | |||||||||||||||||||||
Description of company | Designer, manufacturer and distributor of high-quality office seating. | |||||||||||||||||||||
Equity (in hundredths) | 3.20% | [1],[2],[5] | ||||||||||||||||||||
Investment | 12,686 shares common stock (acquired 3-4-11 and 3-25-11) | [1],[2],[7] | ||||||||||||||||||||
Cost | 4,926,290 | [1],[2] | ||||||||||||||||||||
Value | 2 | [1],[2],[3] | ||||||||||||||||||||
WELLOGIX, INC. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Houston, Texas | Houston, Texas | ||||||||||||||||||||
Description of company | Developer and supporter of software used by the oil and gas industry. | Developer and supporter of software used by the oil and gas industry. | ||||||||||||||||||||
Equity (in hundredths) | 19.10% | [1],[2],[5],[6] | 19.10% | [1],[2],[5],[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) | [1],[2],[6],[7] | 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) | [1],[2],[6],[7] | ||||||||||||||||||
Cost | 5,000,000 | [1],[2],[6] | 5,000,000 | [1],[2],[6] | ||||||||||||||||||
Value | 25,000 | [1],[2],[3],[6] | 25,000 | [1],[2],[3],[6] | ||||||||||||||||||
THE WHITMORE MANUFACTURING COMPANY [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Location | Rockwall, Texas | Rockwall, Texas | ||||||||||||||||||||
Description of company | Specialized surface mining, railroad and industrial lubricants; coatings for automobiles and primary metals; fluid contamination control devices. | Specialized surface mining, railroad and industrial lubricants; coatings for automobiles and primary metals; fluid contamination control devices. | ||||||||||||||||||||
Equity (in hundredths) | 80.00% | [1],[2],[5],[9] | 80.00% | [1],[2],[5],[9] | ||||||||||||||||||
Investment | 80 shares common stock (acquired 8-31-79) | [1],[2],[7],[9] | 80 shares common stock (acquired 8-31-79) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 1,600,000 | [1],[2],[9] | 1,600,000 | [1],[2],[9] | ||||||||||||||||||
Value | 80,500,000 | [1],[2],[3],[9] | 67,200,000 | [1],[2],[3],[9] | ||||||||||||||||||
Ballast Point Ventures II, L.P. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | Ballast Point Ventures II, L.P. 2.2% limited partnership interest (acquired 8-4-08 thru 2-15-13) | [1],[2],[7] | Ballast Point Ventures II, L.P. 2.2% limited partnership interest (acquired 8-4-08 thru 6-18-10) | [1],[2],[7] | ||||||||||||||||||
Cost | 1,659,790 | [1],[2] | 1,725,000 | [1],[2] | ||||||||||||||||||
Value | 1,843,000 | [1],[2],[3] | 1,551,000 | [1],[2],[3] | ||||||||||||||||||
BankCap Partners Fund I, L.P. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | BankCap Partners Fund I, L.P. 5.5% limited partnership interest (acquired 7-14-06 thru 11-16-12) | [1],[2],[7] | BankCap Partners Fund I, L.P. 5.5% limited partnership interest (acquired 7-14-06 thru 11-30-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 5,897,276 | [1],[2] | 5,808,470 | [1],[2] | ||||||||||||||||||
Value | 5,013,000 | [1],[2],[3] | 5,012,000 | [1],[2],[3] | ||||||||||||||||||
CapitalSouth Partners Fund III, L.P. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | CapitalSouth Partners Fund III, L.P. 1.9% limited partnership interest (acquired 1-22-08 and 11-16-11) | [1],[2],[7] | CapitalSouth Partners Fund III, L.P. 1.9% limited partnership interest (acquired 1-22-08 and 11-16-11) | [1],[2],[7] | ||||||||||||||||||
Cost | 1,331,256 | [1],[2] | 1,331,256 | [1],[2] | ||||||||||||||||||
Value | 3,934,000 | [1],[2],[3] | 1,438,000 | [1],[2],[3] | ||||||||||||||||||
CapStar Holdings Corporation [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 100.00% | [1],[2],[5] | 100.00% | [1],[2],[5] | ||||||||||||||||||
Investment | CapStar Holdings Corporation 500 shares common stock (acquired 6-10-10); 1,000,000 shares preferred stock (acquired 12-17-12) | [1],[2],[7],[9] | CapStar Holdings Corporation 500 shares common stock (acquired 6-10-10) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 4,703,619 | [1],[2] | 3,703,619 | [1],[2] | ||||||||||||||||||
Value | 7,846,000 | [1],[2],[3] | 5,338,000 | [1],[2],[3] | ||||||||||||||||||
Diamond State Ventures, L.P. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | Diamond State Ventures, L.P. 1.4% limited partnership interest (acquired 10-12-99 thru 8-26-05) | [1],[2],[7] | Diamond State Ventures, L.P. 1.4% limited partnership interest (acquired 10-12-99 thru 8-26-05) | [1],[2],[7] | ||||||||||||||||||
Cost | 0 | [1],[2] | 76,000 | [1],[2] | ||||||||||||||||||
Value | 120,000 | [1],[2],[3] | 184,000 | [1],[2],[3] | ||||||||||||||||||
Discovery Alliance, LLC [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | Discovery Alliance, LLC 90.0% limited liability company (acquired 9-12-08 thru 10-15-12) | [1],[2],[7],[9] | Discovery Alliance, LLC 90.0% limited liability company (acquired 9-12-08 thru 10-20-11) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 1,315,000 | [1],[2] | 1,180,000 | [1],[2] | ||||||||||||||||||
Value | 956,000 | [1],[2],[3] | 1,280,000 | [1],[2],[3] | ||||||||||||||||||
First Capital Group of Texas III, L.P. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | First Capital Group of Texas III, L.P. 3.0% limited partnership interest (acquired 12-26-00 thru 8-12-05) | [1],[2],[7] | First Capital Group of Texas III, L.P. 3.0% limited partnership interest (acquired 12-26-00 thru 8-12-05) | [1],[2],[7] | ||||||||||||||||||
Cost | 778,895 | [1],[2] | 778,895 | [1],[2] | ||||||||||||||||||
Value | 190,000 | [1],[2],[3] | 662,000 | [1],[2],[3] | ||||||||||||||||||
Humac Company [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 100.00% | [1],[2],[5] | 100.00% | [1],[2],[5] | ||||||||||||||||||
Investment | Humac Company 1,041,000 shares common stock (acquired 1-31-75 and 12-31-75) | [1],[2],[7],[9] | Humac Company 1,041,000 shares common stock (acquired 1-31-75 and 12-31-75) | [1],[2],[7],[9] | ||||||||||||||||||
Cost | 0 | [1],[2] | 0 | [1],[2] | ||||||||||||||||||
Value | 188,000 | [1],[2],[3] | 159,000 | [1],[2],[3] | ||||||||||||||||||
North American Energy Partners, Inc.
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | ||||||||||||||||||||
Investment | North American Energy Partners, Inc. 77,194 shares common stock (acquired 8-20-12) | [1],[2],[4],[7] | ||||||||||||||||||||
Cost | 236,986 | [1],[2] | ||||||||||||||||||||
Value | 350,461 | [1],[2],[3] | ||||||||||||||||||||
STARTech Seed Fund I [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | ||||||||||||||||||||
Investment | STARTech Seed Fund I 12.1% limited partnership interest (acquired 4-17-98 thru 1-5-00) | [1],[2],[7] | ||||||||||||||||||||
Cost | 178,066 | [1],[2] | ||||||||||||||||||||
Value | 39,000 | [1],[2],[3] | ||||||||||||||||||||
STARTech Seed Fund II [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | 0.00% | [1],[2],[5] | ||||||||||||||||||
Investment | STARTech Seed Fund II 3.2% limited partnership interest (acquired 4-28-00 thru 2-23-05) | [1],[2],[7] | STARTech Seed Fund II 3.2% limited partnership interest (acquired 4-28-00 thru 2-23-05) | [1],[2],[7] | ||||||||||||||||||
Cost | 754,327 | [1],[2] | 843,891 | [1],[2] | ||||||||||||||||||
Value | 151,000 | [1],[2],[3] | 371,000 | [1],[2],[3] | ||||||||||||||||||
Sterling Group Partners I, L.P. [Member]
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Schedule of Investments [Line Items] | ||||||||||||||||||||||
Equity (in hundredths) | 0.00% | [1],[2],[5] | ||||||||||||||||||||
Investment | Sterling Group Partners I, L.P. 1.7% limited partnership interest (acquired 4-20-01 thru 1-24-05) | [1],[2],[7] | ||||||||||||||||||||
Cost | 1,064,042 | [1],[2] | ||||||||||||||||||||
Value | $ 511,000 | [1],[2],[3] | ||||||||||||||||||||
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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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Cost of the investment. 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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ORGANIZATION AND BASIS OF PRESENTATION [Abstract] | |||
ORGANIZATION AND BASIS OF PRESENTATION |
Organization Capital Southwest Corporation ("CSW") was organized as a Texas corporation on April 19, 1961. Until September 1969, CSW 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 registered under the Investment Company Act of 1940, as amended (the "1940 Act"). Prior to March 30, 1988, CSW was registered as a closed-end, non-diversified investment company under the 1940 Act. On that date, CSW 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 CSW wholly owns CSVC, the portfolios of both CSW and CSVC are referred to collectively as "our," "we" and "us." Capital Southwest Management Company ("CSMC"), a wholly-owned subsidiary of CSW, is the management company for CSW 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 CSMC, our management company. 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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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 CSW, CSVC and CSMC. Fair Value Measurements We 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 our financial statements, or disclosed at fair value in our notes to 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 three investments comprising 57.7% of our net asset value at March 31, 2013. We believe our investments at March 31, 2013 and March 31, 2012 approximate fair value as of those dates based on the market 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 below. 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 We operate and manage our business in a singular segment. As an investment company, we invest in portfolio 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 marketable securities and restricted securities. 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 CSW 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 company taxable income, as defined by the IRC, each year. Investment company taxable income generally differs from net income for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses. Investment company taxable income generally excludes net unrealized appreciation or depreciation, as investment gains and losses are not included in investment company taxable income until they are realized. In addition to the requirement that we must annually distribute at least 90% of our investment company taxable income, we may either distribute or retain our realized net capital gains from investments, but any net capital gains not distributed may be subject to corporate level tax. Historically, we have not distributed net capital gains; however, during the twelve months ended March 31, 2013, we distributed capital gains dividends in the amount of $20.34 per share to our shareholders. When we retain the capital gains, they are classified as a "deemed distribution" to our shareholders and are subject to our corporate tax rate of 35%. As an investment company that qualifies as a RIC under the IRC, federal income taxes payable on security gains that we elect to retain are accrued only on the last day of our tax year, December 31. Any capital gains actually distributed to shareholders are generally taxable to the shareholders as long-term capital gains. See Note 4 for further discussion. CSMC, a wholly owned subsidiary of CSW, 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 years ended March 31, 2013, 2012 and 2011. 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 awards granted to employees. 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. For restricted stock awards, we measured the grant date fair value based upon the market price of our common stock on the date of the grant and will amortize this fair value to shared-based compensation expense over the vesting term. For phantom stock options, the option value of phantom stock awards is calculated based on the net asset value of the Corporation. We value the plan each quarter and either increase or decrease the liability based on the phantom option value. 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 could occur 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 employer'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. Recent Accounting Pronouncements In May 2011, the FASB issued Accounting Standards Update ("ASU") 2011-04, Fair Value Measurements (ASC 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs ("ASU 2011-04"). 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. The adoption of ASU 2011-04 did not have a significant impact on our financial condition and results of operations. See Note 3 Investments, for further information regarding valuation techniques and quantitative information about the significant unobservable inputs utilized by our Company to value Level 3 investments. |
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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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INVESTMENTS [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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. Unobservable inputs are those inputs for which little or no market data exists and, therefore, require an entity to develop its own assumptions. The fair value determination of each portfolio company requires one or more of the following unobservable inputs:
Preferred Stock and Common Stock The significant unobservable inputs used in the fair value measurement of our equity securities are EBITDA multiples, revenue multiples, net book values, tangible book value multiples, and the weighted average costs of capital ("WACC"). Generally, increases or decreases in EBITDA or revenue multiple inputs result in a higher or lower fair value measurement, respectively. Generally, increases or decreases in WACC result in a lower or higher fair value measurement, respectively. However, due to the nature of certain investments, fair value measurements may be based on other criteria, such as third party-appraisals. For recent investments, we generally rely on our cost basis to determine the fair value unless fair value is deemed to have departed from this level. Debt Securities The significant unobservable inputs used in the fair value measurement of our debt securities are risk adjusted discount factors used in the yield valuation technique and probability of principal recovery. Significant increase or decrease in any of these valuation inputs in isolation would result in a significantly lower or higher fair value measurement. However, due to the nature of certain investments, fair value measurements may be based on other criteria, such as third party inputs. Limited Partnership or Limited Liability Company Interests For recent investments, we generally evaluate limited partnership or limited liability company interests at cost, which is deemed to represent market value, unless or until there is substantive evidence that cost does not correspond to fair value. Thereafter, these securities are generally valued at our percentage interest of the fund or company's calculated net asset value, unless there is substantive evidence that the net asset value does not correspond to fair value. All investments of each fund are valued by each fund in accordance with ASC 820. Warrants We generally use the Black-Scholes option pricing model to determine the fair value of warrants held in our portfolio. Option pricing models, including the Black-Scholes model, require the use of subjective inputs, including expected volatility, expected life, expected dividend rate, and expected risk-free rate of return. In the Black-Scholes model, variation in the expected volatility or expected term assumptions has a significant impact on fair value. The table below presents the valuation technique and quantitative information about the significant unobservable inputs utilized by the Company to value our Level 3 investments as of March 31, 2013 and March 31, 2012. Unobservable inputs are those inputs for which little or no market data exists and therefore require an entity to develop its own assumptions. The table is not intended to be all inclusive, but instead captures the significant unobservable inputs relevant to our determination of fair value.
As of March 31, 2013 and 2012, 70.8% and 56.9%, 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 March 31, 2013 and March 31, 2012 (in millions):
Changes in Fair Value Levels We monitor the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model based valuation techniques may require the transfer of financial instruments from one fair value to another. The following table provides a summary of changes in the fair value of investments measured using Level 3 inputs during the years ended March 31, 2013 and 2012 (in millions):
The total unrealized gains included in earnings that related to assets still held at the report date for the years ended March 31, 2013 and 2012 were $120,777,969 and $96,949,860, 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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INCOME TAXES [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INCOME TAXES |
We operate to qualify as a RIC under Subchapter M of the IRC and have a calendar tax year end of December 31. In order to qualify as a RIC, we must annually distribute at least 90% of our investment company taxable ordinary income, based on our tax year, to our shareholders in a timely manner. Investment company 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 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 years ended December 31, 2012 and 2011, we declared and paid ordinary dividends in the amounts of $3,025,032 and $3,003,030, 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, 2012 and 2011, 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, 2012 and 2011. 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. Historically, we have not distributed net capital gains; however, during the tax year ended December 31, 2012, we distributed capital gains dividends in the amount of $17.59 per share to our shareholders. For the tax year ended December 31, 2012, we had net long-term capital gains of $3,214,547 for tax purposes and $2,319,012 for book purposes, which we elected to retain and treat as deemed distributions to our shareholders. For the tax year ended December 31, 2011, we had net long-term capital gains of $3,568,376 for tax purposes and $4,465,088 for book purposes, which we elected to retain and treat as deemed distributions to our shareholders. In order to make the election to retain capital gains, we incurred federal taxes on behalf of our shareholders in the amount of $1,125,092 for the tax year ended December 31, 2012. For the tax year ended December 31, 2011, we incurred federal taxes on behalf of our shareholders in the amount of $1,248,932. The following table sets forth a summary of our net realized gains on transactions by category:
For the years ended March 31, 2013, 2012 and 2011, CSW 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 CSW, is not a RIC and is required to pay taxes at the current corporate rate. CSMC 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 GAINS (LOSSES) ON INVESTMENTS
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ACCUMULATED NET REALIZED GAINS (LOSSES) ON INVESTMENTS [Abstract] | |||
ACCUMULATED NET REALIZED GAINS (LOSSES) ON INVESTMENTS |
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. Historically, we have not distributed net capital gains; however, during the twelve months ended March 31, 2013, we distributed capital gains dividends in the amount of $20.34 per share to our shareholders. As of March 31, 2013 we had accumulated long-term capital gains of $10,436,526. As of March 31, 2012 we had accumulated long-term capital gains of $498,438. |
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The entire disclosure for accumulated net realized gains (losses) on investments. No definition available.
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EMPLOYEE STOCK BASED COMPENSATION PLANS
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EMPLOYEE STOCK BASED COMPENSATION PLANS [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EMPLOYEE STOCK BASED COMPENSATION PLANS |
Stock Options On July 20, 2009, shareholders approved our 2009 Stock Incentive Plan (the "2009 Plan"), which provides for the granting of stock options to employees and officers 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. Options to purchase 38,750 shares at a price of $76.74 (market price at the time of the grant) were granted on October 19, 2009. Additionally, options to purchase 20,000 shares at a price of $95.79 (market price at time of the grant) were granted on March 22, 2010, options to purchase 15,000 shares at a price of $88.20 were granted on July 19, 2010 and options to purchase 10,000 shares at a price of $96.92 were granted on July 18, 2011. During the twelve months ended March 31, 2013, 27,023 options were exercised and 14,000 options were forfeited, thus leaving 42,727 options outstanding and 70,250 options available to grant under the 2009 Plan. We 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 our 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. During the twelve months ended March 31, 2013, 14,395 options were forfeited and 19,105 options were exercised, thus leaving 61,500 options outstanding under the 1999 Plan. We recognize compensation cost over the straight-line method for all share-based payments granted on or after that date and for all awards granted to employees prior to April 1, 2006 that remain unvested on that date. 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. Share-based compensation cost for restricted stocks is measured based on the closing fair market value of our Company's common stock on the date of the grant. Accordingly, for the years ended March 31, 2013, 2012 and 2011, we recognized stock option compensation expense of $405,945, $1,009,922 and $957,168 respectively. As of March 31, 2013, the total remaining unrecognized compensation cost related to non-vested stock options was $897,537, which will be amortized over the weighted-average service period of approximately 1.2 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 March 31, 2013:
At March 31, 2013, the range of exercise prices and weighted-average remaining contractual life of outstanding options was $76.74 to $152.98 and 1.2 year, respectively. The total number of options exercisable under both the 2009 Plan and the 1999 Plan at March 31, 2013, was 63,227 shares with a weighted-average exercise price of $128.47. At March 31, 2012, the range of exercise prices and weighted-average remaining contractual life of outstanding options was $76.74 to $152.98 and 2.5 years, respectively. The number of options exercisable under the 2009 Plan and the 1999 Plan, at March 31, 2012, was 87,590 with a weighted-average exercise price of $112.25. During the year ended March 31, 2012, 1,500 options were exercised with exercise price at $65.70 per share and 11,400 options were exercised with exercise prices ranging from $65.00 to $65.70 per share during the year ended March 31, 2011. New shares were issued for $98,550 and $745,200 cash received from options exercised during the year ended March 31, 2012 and the year ended March 31, 2011, respectively. At March 31, 2013, 2012 and 2011, the number of options exercisable was 63,227, 87,590 and 54,325, respectively, and the weighted average price of those options was $128.47, $112.25 and $115.57, respectively. Stock Awards Pursuant to the Capital Southwest Corporation 2010 Restricted Stock Award Plan, our Board of Directors reserved for issuance 47,000 shares of restricted stock to certain key employees. A restricted stock award is an award of shares of our common stock (which have full voting and dividend rights but are restricted with regard to sale or transfer), the restrictions on which lapse ratably over a specified period of time (generally five years). Restricted stock awards are independent of stock option grants and are subject to forfeit if employment terminates prior to these restrictions lapsing. These shares vest over a five-year period from the grant date and are expensed over the five-year service period starting on the grant date. On January 16, 2012, the Board of Directors granted 9,650 shares of restricted stock to key employees of the Company. On January 22, 2013, the Board of Directors granted 2,000 shares of restricted stock to officers of the Company. During the twelve months ended March 31, 2013, 3,000 shares of restricted stock were forfeited and 1,330 shares were fully vested. The following table summarizes the restricted stock available for issuance as of March 31, 2013:
We expense the cost of the restricted stock awards, which is determined to equal the fair value of the restricted stock award at the date of the grant on a straight-line basis over the vesting period in which the restrictions on these stock awards lapse. For these purposes, the fair value of the restricted stock award is determined based on the closing price of our common stock on the date of grant. For the fiscal year ended March 31, 2013, we recognized total share based compensation expense of $109,083 related to the restricted stock issued to our employees and officers. For the fiscal year ended March 31, 2012, we recognized total share based compensation expense of $40,377 related to the restricted stock issued to our employees and officers. For the fiscal year ended March 31, 2011, no restricted stock was issued. As of March 31, 2013, the total remaining unrecognized compensation cost related to non-vested restricted stock awards was $615,200, which will be amortized over the weighted-average service period of approximately 4.1 years. The following table represents a summary of the activity for our restricted stock awards for the fiscal year ended March 31, 2013:
Phantom Stock Plan On January 16, 2012, our Board of Directors approved the issuance of 26,000 phantom stock options at an exercise price of $146.95/share (Net Asset Value at December 31, 2011) pursuant to the Capital Southwest Corporation Phantom Stock Option Plan to provide deferred compensation to certain key employees. On January 22, 2013, the Board of Directors granted 4,050 shares of phantom stock options at an exercise price of $158.65 (Net Asset Value at December 31, 2012) to officers of the Company. Under the plan, awards vest on the fifth anniversary of the award date. Upon exercise of the phantom option, a cash payment in an amount for each phantom share equal to estimated fair market value minus the phantom option exercise price will be distributed to plan participants. The estimated liability for phantom stock options is $693,401 as of March 31, 2013. The following table represents a summary of the activity for our phantom stock plan for the fiscal year ended March 31, 2013:
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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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EMPLOYEE STOCK OWNERSHIP PLAN
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EMPLOYEE STOCK OWNERSHIP PLAN |
CSW and one of its controlled affiliates sponsor a qualified employee stock ownership plan ("ESOP") in which certain employees participate. Contributions to the plan, which are invested in our stock, are made at the discretion of our Board of Directors. A participant's interest in contributions to the ESOP fully vests after three years of active service. |
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The entire disclosure for employee stock ownership plans. No definition available.
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RETIREMENT PLANS
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Mar. 31, 2013
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RETIREMENT PLANS [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
RETIREMENT PLANS |
CSW sponsors a qualified defined benefit pension plan which covers its employees and employees of certain of its controlled affiliates. The following information about the plan represents amounts and information related to CSW's participation in the plan and is presented as though CSW sponsored a single-employer plan. Benefits are based on years of service and an average of the highest five consecutive years of compensation during the last 10 years of employment. The funding policy of the plan is to contribute annual amounts that are currently deductible for tax reporting purposes. No contribution was made to the plan during the three years ended March 31, 2013. Additionally, CSW sponsors an unfunded Retirement Restoration Plan, which is a nonqualified plan that provides for the payment, upon retirement, of the difference between the maximum annual payment permissible under the qualified retirement plan pursuant to Federal limitations and the amount which would otherwise have been payable under the qualified plan. The following tables set forth the qualified plan's net pension benefit, benefit obligation, fair value of plan assets, and amounts recognized in our consolidated statements of operations at March 31, 2013, 2012 and 2011, as well as amounts recognized in our consolidated statements of assets and liabilities at March 31, 2013 and 2012:
*Primarily equities and bonds including approximately 25,000 shares of CSW Common Stock. The following tables set forth the retirement restoration plan's net pension benefit and benefit obligation amounts at March 31, 2013, 2012 and 2011, as well as amounts recognized in our consolidated statements of assets and liabilities at March 31, 2013, 2012:
The following assumptions were used in estimating the actuarial present value of the projected benefit obligations:
The following assumptions were used in estimating the net periodic (income)/expense:
Following are the expected benefit payments for the next five years and in the aggregate for the years 2019-2023:
During the plan year ended March 31, 2013, the discount rate was changed from 5.25% to 4.50%. The retirement assumption was changed from the prior assumption that all participants retire at age 65 with an assumption that reflects rates of retirement at each age between ages 55 and 70 for those participants who are retirement eligible to better reflect the anticipated experience of the plan. The expected rate of return on assets assumption was determined based on the anticipated performance of the various asset classes in the plan's portfolio and the allocation of assets to each class. The anticipated asset class return is developed using historical and predicted asset return performance, considering the investments underlying each asset class and expected investment performance based on forecasts of inflation, interest rates and market indices for fixed income and equity securities. Plan Assets Our pension plan is administered by a board-appointed committee that has fiduciary responsibility for the plan's management. The trustee of the plan is JPMorgan Asset Management. Currently, approximately 15% of the assets are selected and managed by the trustee and the remainder of the assets are managed by the committee, invested mostly in equity securities, including our stock. The plan assets are invested using a total return approach whereby a mix of equity securities, debt securities and other investments are used to preserve asset values, diversify risk and achieve our targeted investment return benchmark. Investment performance and asset allocation are measured and monitored on an ongoing basis. Plan assets are managed in a balanced portfolio comprised of two major components: an equity portion and a fixed income portion. The expected role of plan equity investments is to maximize the long-term real growth of the plan's assets, while the role of fixed income investments is to generate current income, provide for more stable periodic returns and provide some protection against prolonged decline in the market value of the plan's equity investments. The current target allocations for plan assets are 60-80% equity, 15-40% for fixed income, and 0-15% for cash and cash equivalents. Equity investments include U.S. and foreign equities, as well as publicly traded and non-publicly traded mutual funds. Fixed income securities include long-duration government obligations, government agency obligations and corporate obligations. CSW's pension plan asset allocations are as follows:
Below is the pension plan asset for Capital Southwest Corporation and its affiliates, of which Capital Southwest assets were $15,183,833 and $12,485,876 as of March 31, 2013 and 2012 respectively. The following fair value hierarchy table sets forth our pension plan investment portfolio by level as of March 31, 2013 (in millions):
The following fair value hierarchy table sets forth our pension plan investment portfolio by level as of March 31, 2012 (in millions):
There were no plan assets valued using significant unobservable inputs (level 3) as of March 31, 2013 or 2012.
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- Details
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X | ||||||||||
- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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COMMITMENTS
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12 Months Ended | ||
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Mar. 31, 2013
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COMMITMENTS [Abstract] | |||
COMMITMENTS |
As of March 31, 2013, we had agreed, subject to certain conditions, to invest up to $13,776,042 in eight portfolio companies. We lease office space under an operating lease which requires base rentals of approximately $200,000 through September 2014. For the three years ended March 31, 2013, total rental expense charged to investment income was $141,155 in 2013, $117,199 in 2012, and $103,703 in 2011. |
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SOURCES OF INCOME
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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SOURCES OF INCOME [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SOURCES OF INCOME |
* During the twelve months ended March 31, 2013, we distributed $77,300,714 or $20.34 per share of capital gains dividends.
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The entire disclosure for all sources of income, including all tables. No definition available.
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SELECTED QUARTERLY FINANCIAL DATA
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Mar. 31, 2013
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SELECTED QUARTERLY FINANCIAL DATA [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SELECTED QUARTERLY FINANCIAL DATA |
The following presents a summary of the unaudited quarterly consolidated financial information for the years ended March 31, 2013 and 2012 (in thousands except per share amounts):
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The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SELECTED PER SHARE DATA AND RATIOS
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Mar. 31, 2013
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SELECTED PER SHARE DATA AND RATIOS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SELECTED PER SHARE DATA AND RATIOS |
The following presents a summary of the selected per share data for the years ended March 31, 2009 through 2013 (in thousands except per share amounts):
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- Definition
The entire disclosure for all per share data and ratios. No definition available.
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SUBSEQUENT EVENTS
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12 Months Ended | ||
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Mar. 31, 2013
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SUBSEQUENT EVENTS [Abstract] | |||
SUBSEQUENT EVENTS |
On May 17, 2013, Capital Southwest Corporation announced that Gary L. Martin, president, chief executive officer and chairman of the Company will retire as president and chief executive officer effective June 17, 2013 and that its board of directors has named Joseph B. Armes to succeed Mr. Martin as president and chief executive officer. Additionally, the board increased the number of board seats from five to six and appointed Mr. Armes a director of the Company, effective June 17, 2013. Effective June 17, 2013, Mr. Armes will receive cash compensation for FYE 2014 comprised of base pay at the annual rate of $430,000 and may earn an annual cash bonus of up to 150% based upon achievement of specified goals. In addition, he will also receive i) options to acquire 7,500 shares of common stock pursuant to our 2009 Stock Option Plan, the options vest equally over five years from the grant date; ii) 1,250 common shares underlying a restricted stock award that vests equally over five years from the grant date; iii) 6,000 shares of phantom stock options that will vest over five years from the grant date. These options and restricted stock awards will be awarded during the July 15, 2013 Compensation Committee Meeting, and the exercise and strike prices will be determined at that date. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Schedule of Investments in and Advances to Affiliates
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Schedule of Investments in and Advances to Affiliates [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Investments in and Advances to Affiliates | SCHEDULE 12-14 Schedule of Investments in and Advances to Affiliates (In thousands)
This schedule should be read in conjunction with our Consolidated Financial Statements, including the Consolidated Schedules of Investments and Notes to Consolidated Financial Statements.
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The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
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12 Months Ended |
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Mar. 31, 2013
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | |
Fair Value Measurements | Fair Value Measurements We 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 our financial statements, or disclosed at fair value in our notes to 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 three investments comprising 57.7% of our net asset value at March 31, 2013. We believe our investments at March 31, 2013 and March 31, 2012 approximate fair value as of those dates based on the market in which we operate and other conditions in existence at those reporting periods. |
Investments | 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 below. 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 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 | Segment Information We operate and manage our business in a singular segment. As an investment company, we invest in portfolio companies in various industries and geographic areas as presented in the Consolidated Schedule of Investments. |
Use of Estimates | 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 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 marketable securities and restricted securities. 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 | Federal Income Taxes CSW 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 company taxable income, as defined by the IRC, each year. Investment company taxable income generally differs from net income for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses. Investment company taxable income generally excludes net unrealized appreciation or depreciation, as investment gains and losses are not included in investment company taxable income until they are realized. In addition to the requirement that we must annually distribute at least 90% of our investment company taxable income, we may either distribute or retain our realized net capital gains from investments, but any net capital gains not distributed may be subject to corporate level tax. Historically, we have not distributed net capital gains; however, during the twelve months ended March 31, 2013, we distributed capital gains dividends in the amount of $20.34 per share to our shareholders. When we retain the capital gains, they are classified as a "deemed distribution" to our shareholders and are subject to our corporate tax rate of 35%. As an investment company that qualifies as a RIC under the IRC, federal income taxes payable on security gains that we elect to retain are accrued only on the last day of our tax year, December 31. Any capital gains actually distributed to shareholders are generally taxable to the shareholders as long-term capital gains. See Note 4 for further discussion. CSMC, a wholly owned subsidiary of CSW, 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 years ended March 31, 2013, 2012 and 2011. 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 | 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 awards granted to employees. 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. For restricted stock awards, we measured the grant date fair value based upon the market price of our common stock on the date of the grant and will amortize this fair value to shared-based compensation expense over the vesting term. For phantom stock options, the option value of phantom stock awards is calculated based on the net asset value of the Corporation. We value the plan each quarter and either increase or decrease the liability based on the phantom option value. See Note 6 for further discussion. |
Defined Pension Benefits and Other Postretirement Plans | 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 could occur 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 employer's fiscal year-end. We presently use March 31 as the measurement date for our defined benefit plan. |
Concentration of Risk | 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. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In May 2011, the FASB issued Accounting Standards Update ("ASU") 2011-04, Fair Value Measurements (ASC 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs ("ASU 2011-04"). 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. The adoption of ASU 2011-04 did not have a significant impact on our financial condition and results of operations. See Note 3 Investments, for further information regarding valuation techniques and quantitative information about the significant unobservable inputs utilized by our Company to value Level 3 investments. |
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The accounting policy for interest and dividend income. No definition available.
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Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for credit risk. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for fair value measurements, which may include, but is not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of the adoption of new accounting pronouncements that may impact the entity's financial reporting. No definition available.
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Disclosure of accounting policy for pension plans. This accounting policy may address (1) the types of plans sponsored by the entity (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVESTMENTS (Tables)
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Mar. 31, 2013
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INVESTMENTS [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Valuation technique and qualitative information | The table below presents the valuation technique and quantitative information about the significant unobservable inputs utilized by the Company to value our Level 3 investments as of March 31, 2013 and March 31, 2012. Unobservable inputs are those inputs for which little or no market data exists and therefore require an entity to develop its own assumptions. The table is not intended to be all inclusive, but instead captures the significant unobservable inputs relevant to our determination of fair value.
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Investment portfolio | The following fair value hierarchy tables set forth our investment portfolio by level as of March 31, 2013 and March 31, 2012 (in millions):
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Changes in the fair value of investments | The following table provides a summary of changes in the fair value of investments measured using Level 3 inputs during the years ended March 31, 2013 and 2012 (in millions):
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Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES (Tables)
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Mar. 31, 2013
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Summary of our net realized gains on transactions by category | The following table sets forth a summary of our net realized gains on transactions by category:
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EMPLOYEE STOCK BASED COMPENSATION PLANS (Tables)
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EMPLOYEE STOCK BASED COMPENSATION PLANS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of assumptions used in the valuation of option grants | The following table summarizes the 2009 Plan and the 1999 Plan price per option at grant date using the Black-Scholes pricing model:
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Summary of option activity | The following table summarizes activity in the 2009 Plan and the 1999 Plan as of March 31, 2013:
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Restricted stock available for issuance | Pursuant to the Capital Southwest Corporation 2010 Restricted Stock Award Plan, our Board of Directors reserved for issuance 47,000 shares of restricted stock to certain key employees. A restricted stock award is an award of shares of our common stock (which have full voting and dividend rights but are restricted with regard to sale or transfer), the restrictions on which lapse ratably over a specified period of time (generally five years). Restricted stock awards are independent of stock option grants and are subject to forfeit if employment terminates prior to these restrictions lapsing. These shares vest over a five-year period from the grant date and are expensed over the five-year service period starting on the grant date. On January 16, 2012, the Board of Directors granted 9,650 shares of restricted stock to key employees of the Company. On January 22, 2013, the Board of Directors granted 2,000 shares of restricted stock to officers of the Company. During the twelve months ended March 31, 2013, 3,000 shares of restricted stock were forfeited and 1,330 shares were fully vested. The following table summarizes the restricted stock available for issuance as of March 31, 2013:
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Restricted stock awards activity | The following table represents a summary of the activity for our restricted stock awards for the fiscal year ended March 31, 2013:
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Phantom stock awards activity | The following table represents a summary of the activity for our phantom stock plan for the fiscal year ended March 31, 2013:
|
X | ||||||||||
- Definition
Tabular disclosure of the change in phantom stock awards. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tabular disclosure of the change in stock options. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of the change in restricted stock units (RSUs). No definition available.
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RETIREMENT PLANS (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in plan assets | Below is the pension plan asset for Capital Southwest Corporation and its affiliates, of which Capital Southwest assets were $15,183,833 and $12,485,876 as of March 31, 2013 and 2012 respectively. The following fair value hierarchy table sets forth our pension plan investment portfolio by level as of March 31, 2013 (in millions):
The following fair value hierarchy table sets forth our pension plan investment portfolio by level as of March 31, 2012 (in millions):
There were no plan assets valued using significant unobservable inputs (level 3) as of March 31, 2013 or 2012.
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Schedule of assumptions used in estimating present value and periodic expense | The following assumptions were used in estimating the actuarial present value of the projected benefit obligations:
The following assumptions were used in estimating the net periodic (income)/expense:
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Schedule of fair value of plan assets | Below is the pension plan asset for Capital Southwest Corporation and its affiliates, of which Capital Southwest assets were $15,183,833 and $12,485,876 as of March 31, 2013 and 2012 respectively. The following fair value hierarchy table sets forth our pension plan investment portfolio by level as of March 31, 2013 (in millions):
The following fair value hierarchy table sets forth our pension plan investment portfolio by level as of March 31, 2012 (in millions):
There were no plan assets valued using significant unobservable inputs (level 3) as of March 31, 2013 or 2012.
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Qualified Plan [Member]
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Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net pension benefit\cost |
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Change in benefit obligation |
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Change in plan assets |
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Funded status and amounts recognized in consolidated statements of assets and liabilities |
*Primarily equities and bonds including approximately 25,000 shares of CSW Common Stock. |
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Expected benefit payments | Following are the expected benefit payments for the next five years and in the aggregate for the years 2019-2023:
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Allocation of plan assets | CSW's pension plan asset allocations are as follows:
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Schedule of fair value of plan assets |
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Restoration Plan [Member]
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Defined Benefit Plan Disclosure [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net pension benefit\cost |
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Change in benefit obligation |
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Funded status and amounts recognized in consolidated statements of assets and liabilities |
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SOURCES OF INCOME (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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SOURCES OF INCOME [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sources of Income |
* During the twelve months ended March 31, 2013, we distributed $77,300,714 or $20.34 per share of capital gains dividends.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SELECTED QUARTERLY FINANCIAL DATA (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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SELECTED QUARTERLY FINANCIAL DATA [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Quarterly Financial Information | The following presents a summary of the unaudited quarterly consolidated financial information for the years ended March 31, 2013 and 2012 (in thousands except per share amounts):
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SELECTED PER SHARE DATA AND RATIOS (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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SELECTED PER SHARE DATA AND RATIOS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of per share data | The following presents a summary of the selected per share data for the years ended March 31, 2009 through 2013 (in thousands except per share amounts):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
|
ORGANIZATION AND BASIS OF PRESENTATION (Details)
|
Mar. 31, 2013
|
---|---|
ORGANIZATION AND BASIS OF PRESENTATION [Abstract] | |
Percentage of voting securities, minimum, Control Investments (in hundredths) | 25.00% |
Percentage of board representation, minimum, Control Investments (in hundredths) | 50.00% |
Percentage of voting securities, minimum, Affiliated Investments (in hundredths) | 5.00% |
Percentage of voting securities, maximum, Affiliated Investments (in hundredths) | 25.00% |
X | ||||||||||
- Definition
Minimum percentage of board representation that the entity has the right to maintain to be classified as a Control Investment. No definition available.
|
X | ||||||||||
- Definition
Maximum percentage of voting securities owned by the entity to be classified as an Affiliated Investment. No definition available.
|
X | ||||||||||
- Definition
Minimum percentage of voting securities owned by the entity to be classified as an Affiliated Investment. No definition available.
|
X | ||||||||||
- Definition
Minimum percentage of voting securities owned by the entity to be classified as a Control Investment. No definition available.
|
X | ||||||||||
- Details
|
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Mar. 31, 2013
Investment
|
Dec. 31, 2012
|
|
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] | ||
Number of investments provided by third party valuation services | 3 | |
Net asset value percentage of investment provided by third party valuation services (in hundredths) | 57.70% | |
Highly liquid investments original maturity, Maximum | 3 months | |
Annual minimum distribution (in hundredths) | 90.00% | |
Distributed net capital gains (in dollars per share) | $ 20.34 | $ 17.59 |
Corporate tax rate (in hundredths) | 35.00% |
X | ||||||||||
- Definition
Refers to distributed net capital gains. No definition available.
|
X | ||||||||||
- Definition
The maximum maturity of highly liquid investments classified as cash and cash equivalents. No definition available.
|
X | ||||||||||
- Definition
The percentage of net asset value of investments provided valuation services by a third party. No definition available.
|
X | ||||||||||
- Definition
The number of investments provided by third party valuation services. No definition available.
|
X | ||||||||||
- Definition
The minimum percentage of taxable income to be distributed to shareholders for the company to comply as regulated investment company. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. No definition available.
|
X | ||||||||||
- Definition
This item represents the fair value of investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. The fair value amount was valued by the entity using significant unobservable inputs (Level 3). No definition available.
|
X | ||||||||||
- Definition
The percentage of investments categorized as Level 3. No definition available.
|
X | ||||||||||
- Definition
Unobservable input as a multiple. No definition available.
|
X | ||||||||||
- Definition
Unobservable input as a weighted average multiple. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This item represents the amount of the total change in unrealized (holding) gains or losses for the period which are included in the statement of income (or changes in net assets) in trading revenues. Such unrealized (holding) gains or losses relate to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in earnings, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in other comprehensive income, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Purchases that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sales that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Settlements that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Transfers out of assets measured at fair value and categorized within Level 3 of the fair value hierarchy that have taken place during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents an asset measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents capital gain distribution on investments during the reporting period. No definition available.
|
X | ||||||||||
- Definition
Refers to distributed net capital gains. No definition available.
|
X | ||||||||||
- Definition
The federal exercise tax rate. No definition available.
|
X | ||||||||||
- Definition
The percentage of investment income company ordinary income distributed during the period. No definition available.
|
X | ||||||||||
- Definition
The federal tax incurred during the period relating to long term capital gains from investments during the period. No definition available.
|
X | ||||||||||
- Definition
Realized gains on all investments for tax purposes. No definition available.
|
X | ||||||||||
- Definition
Minimum percentage of the investment company ordinary taxable income that the entity needs to distribute before the end of the tax year to avoid paying the federal excise tax.. No definition available.
|
X | ||||||||||
- Definition
The period when the entity expects to maintain regulated investment company status. 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
The minimum percentage of taxable income to be distributed to shareholders for the company to comply as regulated investment company. No definition available.
|
X | ||||||||||
- Definition
Equity impact of common stock cash dividends declared by an entity during the period. This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the net excess or deficiency of the fair value of an investment (security, contract) over or under its cost (face amount, notional amount), respectively, which excess value or deficiency has not been recognized in earnings of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the total realized gain (loss) included in earnings for the period as a result of selling marketable securities categorized as trading, available-for-sale, or held-to-maturity. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The net unrealized appreciation or depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
ACCUMULATED NET REALIZED GAINS (LOSSES) ON INVESTMENTS (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2012
|
|
ACCUMULATED NET REALIZED GAINS (LOSSES) ON INVESTMENTS [Abstract] | |||
Distributed net capital gains (in dollars per share) | $ 20.34 | $ 17.59 | |
Accumulated long term capital gains | $ 10,436,526 | $ 498,438 |
X | ||||||||||
- Definition
The accumulated net realized gain (loss) from investments during the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Refers to distributed net capital gains. No definition available.
|
EMPLOYEE STOCK BASED COMPENSATION PLANS (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Mar. 31, 2010
|
Mar. 31, 2012
Range 65.00 to 65.70 [Member]
|
Mar. 31, 2012
Range 65.70 [Member]
|
Mar. 31, 2013
Stock Options [Member]
|
Mar. 31, 2012
Stock Options [Member]
|
Mar. 31, 2011
Stock Options [Member]
|
Mar. 31, 2013
Restricted Stock [Member]
|
Mar. 31, 2012
Restricted Stock [Member]
|
Mar. 31, 2011
Restricted Stock [Member]
|
Mar. 31, 2013
Restricted Stock [Member]
Key employees [Member]
|
Mar. 31, 2013
Phantom Stock Awards [Member]
|
Mar. 31, 2013
1999 Plan [Member]
Range 76.74 to 152.98 [Member]
|
Mar. 31, 2012
1999 Plan [Member]
Range 76.74 to 152.98 [Member]
|
Jul. 30, 2008
1999 Plan [Member]
Stock Options [Member]
|
Jul. 21, 2008
1999 Plan [Member]
Stock Options [Member]
|
Jul. 16, 2007
1999 Plan [Member]
Stock Options [Member]
|
Jul. 17, 2006
1999 Plan [Member]
Stock Options [Member]
|
May 15, 2006
1999 Plan [Member]
Stock Options [Member]
|
Mar. 31, 2013
1999 Plan [Member]
Stock Options [Member]
|
Mar. 31, 2012
1999 Plan [Member]
Stock Options [Member]
|
Mar. 31, 2013
1999 Plan [Member]
Stock Options [Member]
Minimum [Member]
Installment
|
Mar. 31, 2013
1999 Plan [Member]
Stock Options [Member]
Maximum [Member]
Installment
|
Jul. 18, 2011
2009 Plan [Member]
|
Jul. 19, 2010
2009 Plan [Member]
|
Mar. 22, 2010
2009 Plan [Member]
|
Oct. 19, 2009
2009 Plan [Member]
|
Mar. 31, 2013
2009 Plan [Member]
Range 76.74 to 152.98 [Member]
|
Mar. 31, 2012
2009 Plan [Member]
Range 76.74 to 152.98 [Member]
|
Jul. 18, 2011
2009 Plan [Member]
Stock Options [Member]
|
Jul. 19, 2010
2009 Plan [Member]
Stock Options [Member]
|
Mar. 22, 2010
2009 Plan [Member]
Stock Options [Member]
|
Oct. 19, 2009
2009 Plan [Member]
Stock Options [Member]
|
Mar. 31, 2013
2009 Plan [Member]
Stock Options [Member]
Installment
|
Mar. 31, 2012
2009 Plan [Member]
Stock Options [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||
Number of shares authorized (in shares) | 47,000 | 140,000 | |||||||||||||||||||||||||||||||||||
Expiration period from date of grant | 10 years | 10 years | |||||||||||||||||||||||||||||||||||
Number of annual installments on exercise of awards | 5 | 10 | 5 | ||||||||||||||||||||||||||||||||||
Options available for grant (in shares) | 38,350 | 37,350 | 70,250 | ||||||||||||||||||||||||||||||||||
Compensation expense | $ 405,945 | $ 1,009,922 | $ 957,168 | $ 109,083 | $ 40,377 | $ 0 | |||||||||||||||||||||||||||||||
Unrecognized compensation cost | 897,537 | ||||||||||||||||||||||||||||||||||||
Weighted average service period | 1 year 2 months 12 days | 4 years 1 month 6 days | |||||||||||||||||||||||||||||||||||
Options fair value assumptions [Abstract] | |||||||||||||||||||||||||||||||||||||
Weighted Average Fair Value (in dollars per share) | $ 29.93 | $ 27.35 | $ 41.78 | $ 33.05 | $ 31.28 | $ 33.07 | $ 28.58 | $ 32.56 | $ 25.36 | ||||||||||||||||||||||||||||
Expected Dividend Yield (in hundredths) | 0.62% | 0.67% | 0.39% | 0.61% | 0.64% | 0.83% | 0.91% | 0.84% | 1.04% | ||||||||||||||||||||||||||||
Risk-Free Interest Rate (in hundredths) | 3.36% | 3.41% | 4.95% | 5.04% | 5.08% | 1.45% | 1.73% | 2.43% | 2.36% | ||||||||||||||||||||||||||||
Expected Volatility (in hundredths) | 20.20% | 20.20% | 19.90% | 21.20% | 21.10% | 40.00% | 37.50% | 37.80% | 37.60% | ||||||||||||||||||||||||||||
Expected Life (in years) | 5 years | 5 years | 5 years | 7 years | 7 years | 5 years | 5 years | 5 years | 5 years | ||||||||||||||||||||||||||||
Stock options [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Balance at beginning of period (in shares) | 26,000 | 95,000 | 96,500 | 83,750 | 73,750 | ||||||||||||||||||||||||||||||||
Granted (in shares) | 4,050 | 0 | 0 | 10,000 | 15,000 | 20,000 | 38,750 | 0 | 10,000 | ||||||||||||||||||||||||||||
Exercised (in shares) | (19,105) | (1,500) | (27,023) | 0 | |||||||||||||||||||||||||||||||||
Vested (in shares) | 0 | ||||||||||||||||||||||||||||||||||||
Canceled/forfeited or expired (in shares) | (7,500) | (14,395) | 0 | (14,000) | 0 | ||||||||||||||||||||||||||||||||
Balance at end of period (in shares) | 104,227 | 22,550 | 61,500 | 95,000 | 42,727 | 83,750 | |||||||||||||||||||||||||||||||
Weighted Average Exercise Price [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Beginning of Period (in dollars per share) | $ 146.95 | $ 113.63 | $ 114.78 | $ 85.75 | $ 84.24 | ||||||||||||||||||||||||||||||||
Granted (in dollars per share) | $ 158.65 | $ 0 | $ 0 | $ 96.92 | $ 88.20 | $ 95.79 | $ 76.74 | $ 0 | $ 96.92 | ||||||||||||||||||||||||||||
Exercised (in dollars per share) | $ 95.33 | $ 65.70 | $ 79.82 | $ 0 | |||||||||||||||||||||||||||||||||
Vested (in dollars per share) | $ 0 | ||||||||||||||||||||||||||||||||||||
Canceled/forfeited or expired (in dollars per share) | $ 146.95 | $ 111.14 | $ 0 | $ 85.78 | $ 0 | ||||||||||||||||||||||||||||||||
Balance at end of period (in dollars per share) | $ 114.58 | $ 149.05 | $ 132.00 | $ 113.63 | $ 89.49 | $ 85.75 | |||||||||||||||||||||||||||||||
Weighted average remaining contractual term, outstanding | 1 year 2 months 12 days | 2 years 6 months | |||||||||||||||||||||||||||||||||||
Weighted average remaining contractual term, exercisable | 8 months 12 days | ||||||||||||||||||||||||||||||||||||
Aggregate intrinsic value, outstanding | 3,310,129 | ||||||||||||||||||||||||||||||||||||
Aggregate intrinsic value, exercisable | 2,169,482 | ||||||||||||||||||||||||||||||||||||
Exercise price range, lower range limit (in dollars per share) | $ 76.74 | $ 76.74 | $ 65.00 | ||||||||||||||||||||||||||||||||||
Exercise price range, upper range limit (in dollars per share) | $ 152.98 | $ 152.98 | $ 65.70 | ||||||||||||||||||||||||||||||||||
Options exercisable (in shares) | 63,227 | 87,590 | 54,325 | 11,400 | 1,500 | 63,227 | 87,590 | 63,227 | 87,590 | ||||||||||||||||||||||||||||
Weighted average exercise price, Exercisable (in dollars per share) | $ 128.47 | $ 112.25 | $ 115.57 | $ 128.47 | $ 112.25 | $ 128.47 | $ 112.25 | ||||||||||||||||||||||||||||||
New shares issued for cash | 98,550 | 745,200 | |||||||||||||||||||||||||||||||||||
Stock Awards [Abstract] | |||||||||||||||||||||||||||||||||||||
Vesting period | 5 years | ||||||||||||||||||||||||||||||||||||
Restricted stock granted (in shares) | 2,000 | 9,650 | |||||||||||||||||||||||||||||||||||
Restricted stock vested during the year (in shares) | (1,330) | ||||||||||||||||||||||||||||||||||||
Restricted stock available for issuance beginning balance (in shares) | 37,350 | ||||||||||||||||||||||||||||||||||||
Restricted stock granted during the year (in shares) | (2,000) | (9,650) | |||||||||||||||||||||||||||||||||||
Restricted stock forfeited during the year (in shares) | 3,000 | ||||||||||||||||||||||||||||||||||||
Restricted stock available for issuance ending balance (in shares) | 38,350 | 37,350 | 70,250 | ||||||||||||||||||||||||||||||||||
Unrecognized compensation cost | 615,200 | ||||||||||||||||||||||||||||||||||||
Summary of Share Activity [Rollforward] | |||||||||||||||||||||||||||||||||||||
Unvested at beginning of period (in shares) | 9,650 | ||||||||||||||||||||||||||||||||||||
Granted (in shares) | 2,000 | ||||||||||||||||||||||||||||||||||||
Vested (in shares) | (1,330) | ||||||||||||||||||||||||||||||||||||
Forfeited or expired (in shares) | (3,000) | ||||||||||||||||||||||||||||||||||||
Unvested at end of period (in shares) | 7,320 | 9,650 | |||||||||||||||||||||||||||||||||||
Weighted Average Fair Value [Rollforward] | |||||||||||||||||||||||||||||||||||||
Unvested at beginning of period (in dollars per share) | $ 83.60 | ||||||||||||||||||||||||||||||||||||
Granted (in dollars per share) | $ 104.34 | ||||||||||||||||||||||||||||||||||||
Vested (in dollars per share) | $ 83.60 | ||||||||||||||||||||||||||||||||||||
Forfeited or expired (in dollars per share) | $ 83.60 | ||||||||||||||||||||||||||||||||||||
Unvested at end of period (in dollars per share) | $ 89.27 | $ 83.60 | |||||||||||||||||||||||||||||||||||
Weighted Average Remaining Vesting Term (in Years) [Abstract] | |||||||||||||||||||||||||||||||||||||
Weighted Average Remaining Vesting Term Unvested Beginning | 3 years 9 months 18 days | 3 years 9 months 18 days | |||||||||||||||||||||||||||||||||||
Weighted Average Remaining Vesting Term, granted | 4 years 9 months 18 days | 4 years 9 months 18 days | |||||||||||||||||||||||||||||||||||
Weighted Average Remaining Vesting Term, vested | 0 years | ||||||||||||||||||||||||||||||||||||
Weighted Average Remaining Vesting Term Forfeited or Expired | 0 years | ||||||||||||||||||||||||||||||||||||
Weighted Average Remaining Vesting Term, Unvested Ending | 3 years 9 months 18 days | 3 years 9 months 18 days | |||||||||||||||||||||||||||||||||||
Estimated deferred compensation liability | $ 693,401 |
X | ||||||||||
- Definition
The period of time over which the share based awards are set to expire from the date of grant. No definition available.
|
X | ||||||||||
- Definition
The number of annual installments on exercisable awards on or after the first anniversary of the date of grant. No definition available.
|
X | ||||||||||
- Definition
Number of share options (or share units) vested during the current period. No definition available.
|
X | ||||||||||
- Definition
The weighted average exercise price as of grant date pertaining to an equity-based award plan stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of shares related to Restricted Stock Award vested during the period. No definition available.
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements payable beyond one year (or the operating cycle, if longer). No definition available.
|
X | ||||||||||
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate unrecognized cost of share-based awards, other than options, made to employees under an equity-based compensation plan, that have yet to vest. No definition available.
|
X | ||||||||||
- Definition
Aggregate unrecognized cost of option awards made to employees under a stock option plan or plans, that have yet to vest. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Net number of non-option equity instruments granted to participants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
X | ||||||||||
- Definition
The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares related to Restricted Stock Award forfeited during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
EMPLOYEE STOCK OWNERSHIP PLAN (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2011
|
|
EMPLOYEE STOCK OWNERSHIP PLAN [Abstract] | |||
Service vesting period | 3 years | ||
Company contributions to the ESOP | $ 190,337 | $ 222,179 | $ 147,212 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The period over which the contributions to the plan vests. No definition available.
|
X | ||||||||||
- Definition
This item represents the amount of cash contributions during the period made by the entity to the Employee Stock Ownership Plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The period that the individual is required to perform services in order to retirement assumption. No definition available.
|
X | ||||||||||
- Definition
Refers to the employment period for service under retirement plans. No definition available.
|
X | ||||||||||
- Definition
Major components in the balanced portfolio. No definition available.
|
X | ||||||||||
- Definition
Refers to the number of highest consecutive period for service under retirement plans. No definition available.
|
X | ||||||||||
- Definition
The percentage of assets managed by the trustee of fund assets. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
For defined benefit pension plans, the actuarial present value of benefits (whether vested or nonvested) attributed by the pension benefit formula to employee service rendered before a specified date and based on employee service and compensation (if applicable) before that date. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation levels. For plans with flat-benefit or nonpay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between fair value of plan assets at the end of the period and the fair value at the beginning of the period, adjusted for contributions and payments of benefits during the period, and after adjusting for taxes and other expenses, as applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) from a decision to temporarily deviate from the substantive plan, or from a change in benefit obligation or plan asset value from changes in actuarial assumptions, for example, but not limited to, interest, mortality, employee turnover or salary scale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The interest rate used to adjust for the time value of money for the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected rate of compensation increases (for pay-related plans). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The interest rate used to adjust for the time value of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An assumption as to the rate of return on plan assets reflecting the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the benefit obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected rate of compensation increases (for pay-related plans). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Disclosure under FAS 132R, before it was amended by FAS 158, of the cumulative net gain (loss) that has not yet been recognized as a part of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Disclosure under FAS 132R, before it was amended by FAS 158, of the portion of prior service costs and credits, due to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation, which has not yet been recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Disclosure under FAS 132R, before it was amended by FAS 158, of the net unamortized portion of the transition obligations (assets) that existed at the initial date of application of FAS 87 and FAS 106, which are the net transition amounts that have not yet been recognized as components of net periodic benefits cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of payments made for which participants are entitled under a pension plan, including pension benefits, death benefits, and benefits due on termination of employment. Also includes payments made under a postretirement benefit plan, including prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. This item represents a periodic decrease to the plan obligations and a decrease to plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of contributions made by plan participants. This item represents a periodic increase to the plan obligation and an increase to plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of benefits expected to be paid in the five fiscal years after the fifth fiscal year following the latest fiscal year from a defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of benefits expected to be paid in the next fiscal year following the latest fiscal year from a defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of benefits expected to be paid in the fifth fiscal year following the latest fiscal year from a defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of benefits expected to be paid in the fourth fiscal year following the latest fiscal year from a defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of benefits expected to be paid in the third fiscal year following the latest fiscal year from a defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of benefits expected to be paid in the second fiscal year following the latest fiscal year from a defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The funded status is measured as the difference between the fair value of plan assets and the benefit obligation. Will normally be the same as the net Defined Benefit Plan, Amounts Recognized in Balance Sheet, Total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Changes in the defined benefit obligation, not otherwise separately disclosed in the financial statements. No definition available.
|
X | ||||||||||
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Target allocation maximum percentage of investments of this type to total plan assets presented on a weighted average basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Target allocation minimum percentage of investments of this type to total plan assets presented on a weighted average basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of fair value of investments (categorized by debt securities, equity securities, real estate and other plan assets) to the fair value of plan assets held. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Balance held at close of period in number of shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This represents the entire liability recognized in the balance sheet that is associated with the defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
RETIREMENT PLANS, Fair Value disclosure (Details) (USD $)
|
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
|||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | $ 50,900,000 | $ 42,300,000 | ||||||
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 30,100,000 | 23,800,000 | ||||||
Significant Other Observable Inputs (Level 2) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 20,800,000 | 18,500,000 | ||||||
Significant Observable Inputs (Level 3) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 0 | 0 | ||||||
Equity [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 40,100,000 | [1] | 32,900,000 | [1] | ||||
Equity [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 26,700,000 | [1] | 21,400,000 | [1] | ||||
Equity [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 13,400,000 | [1] | 11,500,000 | [1] | ||||
Equity [Member] | Significant Observable Inputs (Level 3) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 0 | [1] | 0 | [1] | ||||
Fixed Income Securities [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 7,400,000 | [2] | 7,000,000 | [2] | ||||
Fixed Income Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 0 | [2] | 0 | [2] | ||||
Fixed Income Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 7,400,000 | [2] | 7,000,000 | [2] | ||||
Fixed Income Securities [Member] | Significant Observable Inputs (Level 3) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 0 | [2] | 0 | [2] | ||||
Cash and Cash Equivalents [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 3,400,000 | 2,400,000 | ||||||
Cash and Cash Equivalents [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 3,400,000 | 2,400,000 | ||||||
Cash and Cash Equivalents [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | 0 | 0 | ||||||
Cash and Cash Equivalents [Member] | Significant Observable Inputs (Level 3) [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Fair value of pension plan assets | $ 0 | $ 0 | ||||||
Common Stock [Member]
|
||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Percentage of common stock included in investments (in hundredths) | 19.90% | 19.70% | ||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Target allocation of investments of this type to total plan assets presented on a weighted average basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
COMMITMENTS (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Mar. 31, 2013
Company
|
Mar. 31, 2012
|
Mar. 31, 2011
|
|
COMMITMENTS [Abstract] | |||
Investment in portfolio companies, Maximum | $ 13,776,042 | ||
Number of portfolio companies | 8 | ||
Minimum base annual rental payments due [Abstract] | |||
2013 | 200,000 | ||
2014 | 200,000 | ||
Rental expense charged to investment income | $ 141,155 | $ 117,199 | $ 103,703 |
X | ||||||||||
- Definition
The maximum amount agreed to be invested in portfolio companies. No definition available.
|
X | ||||||||||
- Definition
The maximum number of portfolio companies the entity has agreed to invest in, subject to certain conditions. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the second fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the remainder of the fiscal year following the latest fiscal year ended for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. No definition available.
|
SOURCES OF INCOME (Details) (USD $)
|
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2012
|
Mar. 31, 2011
|
||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | $ 2,078,000 | $ 1,980,180 | $ 1,364,138 | ||||
Dividends | 8,093,000 | 6,720,441 | 5,432,271 | ||||
Management and other income | 633,616 | 771,738 | |||||
Realized gain (loss) on investments before income tax | 89,557,814 | 11,826,876 | 63,462,583 | ||||
Distributed net capital gains (in dollars per share) | $ 20.34 | $ 17.59 | |||||
Companies more than 25% owned [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 0 | 0 | 0 | ||||
Dividends | 6,944,214 | 5,553,140 | 5,024,061 | ||||
Management and other income | 484,800 | 493,967 | 671,867 | ||||
Realized gain (loss) on investments before income tax | 20,861,458 | (10,933,517) | 70,294,097 | ||||
Companies 5% to 25% owned [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 250,298 | 253,652 | 0 | ||||
Dividends | 868,560 | 1,006,572 | 326,940 | ||||
Management and other income | 66,950 | 59,700 | 13,000 | ||||
Realized gain (loss) on investments before income tax | 66,037,485 | (45,287) | (6,863,347) | ||||
Companies less than 5% owned [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 1,756,452 | 1,674,051 | 1,304,496 | ||||
Dividends | 279,917 | 160,729 | 81,270 | ||||
Management and other income | 111,963 | 79,250 | 0 | ||||
Realized gain (loss) on investments before income tax | 2,658,871 | 22,805,680 | 31,833 | ||||
Other sources, including temporary investment [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 71,136 | 52,477 | 59,642 | ||||
Dividends | 0 | 0 | 0 | ||||
Management and other income | 971 | 699 | 86,871 | ||||
Realized gain (loss) on investments before income tax | 0 | 0 | 0 | ||||
Realized gain before distribution [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 2,077,886 | ||||||
Dividends | 8,092,691 | ||||||
Management and other income | 664,684 | ||||||
Realized gain (loss) on investments before income tax | 89,557,814 | ||||||
Distribution from Realized Gain [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 0 | ||||||
Dividends | 0 | ||||||
Management and other income | 0 | ||||||
Realized gain (loss) on investments before income tax | (77,300,714) | [1] | |||||
Realized gain after distribution [Member]
|
|||||||
Subsidiary or Equity Method Investee [Line Items] | |||||||
Interest | 2,077,886 | ||||||
Dividends | 8,092,691 | ||||||
Management and other income | 664,684 | ||||||
Realized gain (loss) on investments before income tax | $ 12,257,100 | ||||||
|
X | ||||||||||
- Definition
Refers to distributed net capital gains. 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
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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Details
|
SELECTED QUARTERLY FINANCIAL DATA (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2011
|
|
SELECTED QUARTERLY FINANCIAL DATA [Abstract] | |||||||||||
Net investment income (loss) | $ (2,133) | $ 4,142 | $ (120) | $ 18 | $ (1,878) | $ 4,385 | $ 23 | $ 14 | $ 1,907 | $ 2,544 | $ 1,804 |
Net realized gain (loss) on investments | 20,912 | 640 | (7) | 66,888 | 349 | (2,360) | 18,500 | (5,911) | 88,433 | 10,578 | 38,885 |
Net increase (decrease) in unrealized appreciation of investments | 22,271 | 22,296 | 50,321 | (78,521) | 78,501 | 48,798 | (44,076) | (4,588) | 16,367 | 78,635 | 12,999 |
Increase in net assets from operations | $ 41,050 | $ 27,078 | $ 50,194 | $ (11,615) | $ 77,092 | $ 50,823 | $ (25,703) | $ (10,455) | $ 106,707 | $ 91,757 | $ 53,688 |
Net increase (decrease) in net operations per share (in dollars per share) | $ 10.77 | $ 7.11 | $ 13.18 | $ (3.05) | $ 20.53 | $ 13.53 | $ (6.85) | $ (2.79) | $ 28.01 | $ 24.42 |
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 from operations on a per share basis. 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
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 | ||||||||||
- Details
|
SELECTED PER SHARE DATA AND RATIOS (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Mar. 31, 2010
|
Mar. 31, 2009
|
||||||||||||
Per Share Data [Abstract] | ||||||||||||||||
Investment income (in dollars per share) | $ 2.84 | $ 2.49 | $ 2.01 | $ 1.63 | $ 3.74 | |||||||||||
Operating expenses (in dollars per share) | $ (2.19) | $ (1.78) | $ (1.50) | $ (1.04) | $ (0.98) | |||||||||||
Interest expense (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||
Income taxes (in dollars per share) | $ (0.15) | $ (0.03) | $ (0.03) | $ (0.03) | $ (0.04) | |||||||||||
Net investment income (in dollars per share) | $ 0.50 | $ 0.68 | $ 0.48 | $ 0.56 | $ 2.72 | |||||||||||
Distributions from undistributed net investment income (in dollars per share) | $ (0.79) | $ (0.80) | $ (0.80) | $ (0.80) | $ (3.28) | |||||||||||
Net realized gain net of tax (in dollars per share) | $ 23.22 | $ 2.81 | $ 10.36 | $ 0.22 | $ 2.87 | |||||||||||
Dividends from capital gains (in dollars per share) | $ (20.29) | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||
Net increase (decrease) in unrealized appreciation of investments (in dollars per share) | $ 4.30 | $ 20.93 | $ 3.46 | $ 18.88 | $ (42.56) | |||||||||||
Exercise of employee stock options (in dollars per share) | $ (0.97) | [1] | $ (0.02) | [1] | $ (0.20) | [1] | $ 0 | [1] | $ 0 | [1] | ||||||
Forfeiture/ (Issuance) of restricted stock (in dollars per share) | $ (0.41) | [2] | ||||||||||||||
Stock option expense (in dollars per share) | $ 0.14 | $ 0.28 | $ 0.26 | $ 0.18 | $ 0.13 | |||||||||||
Net change in pension plan funded status (in dollars per share | $ 0.05 | $ (0.11) | $ (0.02) | $ 0.12 | $ (0.39) | |||||||||||
Treasury stock (in dollars per share) | $ 0 | [3] | $ 0 | [3] | $ 0 | [3] | $ 0 | [3] | $ 1.40 | [3] | ||||||
Adjustment to initially apply ASC 715, net of tax (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||
Increase (decrease) in net asset value (in dollars per share) | $ 5.75 | $ 23.77 | $ 13.54 | $ 19.16 | $ (39.11) | |||||||||||
Net asset value, Beginning of period (in dollars per share) | $ 167.45 | $ 143.68 | $ 130.14 | $ 110.98 | $ 150.09 | |||||||||||
Net asset value, End of period (in dollars per share) | $ 173.20 | $ 167.45 | $ 143.68 | $ 130.14 | $ 110.98 | |||||||||||
Ratios and Supplemental Data [Abstract] | ||||||||||||||||
Ratio of operating expenses to average net assets (in hundredths) | 1.36% | 1.07% | 1.10% | 0.87% | 0.71% | |||||||||||
Ratio of net investment income to average net assets (in hundredths) | 0.31% | 0.41% | 0.35% | 0.47% | 1.96% | |||||||||||
Portfolio turnover rate (in hundredths) | 2.22% | 2.15% | 2.78% | 1.16% | 2.51% | |||||||||||
Net asset total return (in hundredths) | 27.00% | 18.07% | 18.40% | 18.50% | (22.56%) | |||||||||||
Shares outstanding at end of period (in shares) | 3,809 | 3,755 | 3,753 | 3,741 | 3,741 | |||||||||||
|
X | ||||||||||
- Definition
Changes in individual asset line items in the year-end statement of financial position that are incrementally affected by the recognition provisions of FAS 158 in the year of initial application on a per share basis. No definition available.
|
X | ||||||||||
- Definition
Refers to distributed net capital gains. No definition available.
|
X | ||||||||||
- Definition
Common stock purchased at the price set by the option (grant price), divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Refers to Forfeiture/ (Issuance) of restricted stock. No definition available.
|
X | ||||||||||
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of net assets from operations divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
The interest expense per share during the period. No definition available.
|
X | ||||||||||
- Definition
Income from dividends, interest, and net realized short-term gains, adjusted for management fees and administrative expenses and divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Net asset total return. No definition available.
|
X | ||||||||||
- Definition
Net asset value per share. No definition available.
|
X | ||||||||||
- Definition
The net change in pension plan funded status on a per share basis. 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 divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Income from dividends, interest, and net realized short-term gains, adjusted for management fees and administrative expenses and divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
This item represents the gain (loss) realized during the period from the sale of investments net of tax and divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Generally recurring costs (per share) 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.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Portfolio turnover rate. No definition available.
|
X | ||||||||||
- Definition
Ratio of net investment income to average net assets No definition available.
|
X | ||||||||||
- Definition
Ratio of operating expenses to average net assets. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
This element represents a sum total of treasury stock not separately reflected on the income statement for the period divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Undistributed net investment income during the reporting period and divided by shares outstanding. No definition available.
|
X | ||||||||||
- Definition
Number of shares issued and outstanding as of the balance sheet date. No definition available.
|
SUBSEQUENT EVENTS (Details) (USD $)
|
12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
Restricted Stock [Member]
|
Jun. 17, 2013
Subsequent Event [Member]
Seat
|
Jun. 17, 2013
Subsequent Event [Member]
Mr. Armes [Member]
|
Mar. 31, 2013
Subsequent Event [Member]
Restricted Stock [Member]
Mr. Armes [Member]
|
Jun. 17, 2013
Subsequent Event [Member]
Restricted Stock [Member]
Mr. Armes [Member]
|
Mar. 31, 2013
Subsequent Event [Member]
Phantom Stock Awards [Member]
Mr. Armes [Member]
|
Jun. 17, 2013
Subsequent Event [Member]
Phantom Stock Awards [Member]
Mr. Armes [Member]
|
Mar. 31, 2013
Subsequent Event [Member]
2009 Plan [Member]
Stock Options [Member]
Mr. Armes [Member]
|
Jun. 17, 2013
Subsequent Event [Member]
2009 Plan [Member]
Stock Options [Member]
Mr. Armes [Member]
|
|
Subsequent Event [Line Items] | |||||||||
Number of board seats | 5 | ||||||||
Increased number of board seats | 6 | ||||||||
Cash compensation includes base pay at annual rate | $ 430,000 | ||||||||
Maximum percentage of annual cash bonus (in hundredths) | 150.00% | ||||||||
Vesting period | 5 years | 5 years | 5 years | 5 years | |||||
Options to purchase or acquire (in shares) | 1,250 | 6,000 | 7,500 |
X | ||||||||||
- Definition
Refers to cash compensation comprised of base pay at the annual rate. No definition available.
|
X | ||||||||||
- Definition
Refers to increased number of board seats. No definition available.
|
X | ||||||||||
- Definition
Refers to maximum percentage of annual cash bonus based upon achievement of specified goals. No definition available.
|
X | ||||||||||
- Definition
Refers to number of board seats. No definition available.
|
X | ||||||||||
- Definition
The specified number of securities that each class of rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. No definition available.
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Schedule of Investments in and Advances to Affiliates (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | $ 8,615 | [1] | ||||||||
Fair Value at the beginning of the period | 492,797 | |||||||||
Gross Additions | 112,616 | [2] | ||||||||
Gross Reductions | 103,229 | [3] | ||||||||
Fair Value at the end of the period | 502,184 | |||||||||
Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 7,429 | [1] | ||||||||
Fair Value at the beginning of the period | 283,575 | |||||||||
Gross Additions | 88,837 | [2] | ||||||||
Gross Reductions | 27,622 | [3] | ||||||||
Fair Value at the end of the period | 344,790 | |||||||||
Affiliated Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 1,186 | [1] | ||||||||
Fair Value at the beginning of the period | 209,222 | |||||||||
Gross Additions | 23,779 | [2] | ||||||||
Gross Reductions | 75,607 | [3] | ||||||||
Fair Value at the end of the period | 157,394 | |||||||||
RECTORSEAL CORPORATION [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 5,915 | [1] | ||||||||
Fair Value at the beginning of the period | 166,300 | |||||||||
Gross Additions | 72,600 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 238,900 | |||||||||
RECTORSEAL CORPORATION [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 27,907 | [4] | ||||||||
WHITMORE MANUFACTURING COMPANY [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 1,509 | [1] | ||||||||
Fair Value at the beginning of the period | 67,200 | |||||||||
Gross Additions | 13,300 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 80,500 | |||||||||
WHITMORE MANUFACTURING COMPANY [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 80 | [4] | ||||||||
HEELYS, INC. [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 20,498 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 20,498 | [3] | ||||||||
Fair Value at the end of the period | 0 | |||||||||
HEELYS, INC. [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 9,317,310 | [4] | ||||||||
MEDIA RECOVERY, INC. [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 15,600 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 5,700 | [3] | ||||||||
Fair Value at the end of the period | 9,900 | |||||||||
Shares in investment (in shares) | 4,000,002 | [4] | ||||||||
MEDIA RECOVERY, INC. [Member] | Control Investments [Member] | Series A Convertible Preferred Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 3,100 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 1,100 | [3] | ||||||||
Fair Value at the end of the period | 2,000 | |||||||||
Shares issued upon conversion (in shares) | 800,000 | [4] | ||||||||
BALCO, INC. [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 4,100 | |||||||||
Gross Additions | 400 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 4,500 | |||||||||
BALCO, INC. [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 445,000 | [4] | ||||||||
BALCO, INC. [Member] | Control Investments [Member] | Class B non voting common [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 60,920 | [4] | ||||||||
CapStar Holdings Corporation [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 0 | |||||||||
Gross Additions | 1,668 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 1,668 | |||||||||
Shares in investment (in shares) | 1,000,000 | [4] | ||||||||
CapStar Holdings Corporation [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Fair Value at the beginning of the period | 5,338 | |||||||||
Gross Additions | 840 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 6,178 | |||||||||
Shares in investment (in shares) | 500 | [4] | ||||||||
Discovery Alliance, LLC [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 1,280 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 324 | [3] | ||||||||
Fair Value at the end of the period | 956 | |||||||||
Ownership percentage (in hundredths) | 90.00% | [4] | ||||||||
Humac Company [Member] | Control Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 5 | [1] | ||||||||
Fair Value at the beginning of the period | 159 | |||||||||
Gross Additions | 29 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 188 | |||||||||
Humac Company [Member] | Control Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 1,041,000 | [4] | ||||||||
ALAMO GROUP INC. [Member] | Affiliated Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 764 | [1] | ||||||||
Fair Value at the beginning of the period | 85,139 | |||||||||
Gross Additions | 23,139 | [2] | ||||||||
Fair Value at the end of the period | 108,278 | |||||||||
ALAMO GROUP INC. [Member] | Affiliated Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 2,830,300 | [4] | ||||||||
ENCORE WIRE CORPORATION [Member] | Affiliated Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 172 | [1] | ||||||||
Fair Value at the beginning of the period | 121,458 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 75,507 | [3] | ||||||||
Fair Value at the end of the period | 45,951 | |||||||||
ENCORE WIRE CORPORATION [Member] | Affiliated Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 1,312,500 | [4] | ||||||||
PALLETONE, INC. [Member] | Affiliated Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 250 | [1] | ||||||||
Fair Value at the beginning of the period | 2,000 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 100 | [3] | ||||||||
Fair Value at the end of the period | 1,900 | |||||||||
PALLETONE, INC. [Member] | Affiliated Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares in investment (in shares) | 150,000 | [4] | ||||||||
PALLETONE, INC. [Member] | Affiliated Investments [Member] | Senior Subordinated Notes [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Interest rate on notes (in hundredths) | 12.30% | [4] | ||||||||
Amount of debt investment | 2,000,000 | [4] | ||||||||
BOXX TECHNOLOGIES, INC. [Member] | Affiliated Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 600 | |||||||||
Gross Additions | 640 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | 1,240 | |||||||||
BOXX TECHNOLOGIES, INC. [Member] | Affiliated Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Conversion price per share (in dollars per share) | $ 0.50 | [4] | ||||||||
BOXX TECHNOLOGIES, INC. [Member] | Affiliated Investments [Member] | Series B Convertible Preferred Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares issued upon conversion (in shares) | 3,125,354 | [4] | ||||||||
WELLOGIX, INC. [Member] | Affiliated Investments [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Amount of Interest, Fees or Dividends Credited in Income | 0 | [1] | ||||||||
Fair Value at the beginning of the period | 25 | |||||||||
Gross Additions | 0 | [2] | ||||||||
Gross Reductions | 0 | [3] | ||||||||
Fair Value at the end of the period | $ 25 | |||||||||
WELLOGIX, INC. [Member] | Affiliated Investments [Member] | Common Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Conversion price per share (in dollars per share) | $ 1.0441 | [4] | ||||||||
WELLOGIX, INC. [Member] | Affiliated Investments [Member] | Series A-1 Preferred Stock [Member]
|
||||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||||
Shares issued upon conversion (in shares) | 4,788,371 | [4] | ||||||||
|
X | ||||||||||
- Definition
Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of the investment at close of period. 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
|
X | ||||||||||
- Definition
Gross additions to the investment in and advance to the affiliate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross reductions to the investment in and advance to the affiliate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Balance held at close of period in number of shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
At the close of the period, the dividends or interest included in caption 1 of the statement of operations. In addition, show as the final item the aggregate of dividends and interest included in the statement of operations in respect of investments in affiliates not held at the close of the period. The total of this column would be expected to agree with the correlative amount shown on the related statement of operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|