Frontier Communications 2011 Annual Report Download - page 101

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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
F-38
Fair Value Measurements at December 31, 2010
Quoted Significant
Prices in Active Other Significant
Markets for Observable Unobservable
Identical Assets Inputs Inputs
($ in thousands) Total (Level 1) (Level 2) (Level 3)
Cash and Cash Equivalents
$ 46,637
$ -
$ 46,637
$ -
U.S. Government Obligations 144,390 - 144,390 -
Corporate and Other Obligations 262,390 - 262,390 -
Common Stock 226,369 226,369 - -
Commingled Funds 107,200 - 69,822 37,378
Common/Collective Trust Funds 38,092 - 38,092 -
Interest in Registered Investment Companies 268,694 103,472 165,222 -
Interest in Limited Partnerships 42,635 - - 42,635
Insurance Contracts 900 - 900 -
Other (494) - (494) -
Total investments, at fair value $ 1,136,813 $ 329,841 $ 726,959 $ 80,013
Receivable for Plan Assets of Acquired Business 142,472
Receivable for Earnings on Plan Assets of Acquired Business 24,453
Interest and Dividends Receivable 2,669
Due from Broker for Securities Sold 16,780
Receivable Associated with Insurance Contract 7,400
Due to Broker for Securities Purchased (40,313)
Total Plan Assets, at Fair Value $ 1,290,274
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets for the years ended
December 31, 2011 and 2010:
For the year ended
December 31, 2011
Interest in
Limited Commingled
($ in thousands) Partnerships Funds
Balance, beginning of year $ 42,635 $ 37,378
Realized gains/(losses) 1,598 12
Unrealized gains/(losses) 305 (196)
Purchases and (sales), net 59,495 -
Balance, end of year $ 104,033 $ 37,194