Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 380

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 380
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   The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities as of  December 31, 2024 and 2023.

       2024    2023  
   (in thousands)  
 Available-for-sale securities:         
 Gross unrealized gains  $17,215  $15,539 
 Gross unrealized losses   1,689   2,630 
 Net unrealized gains  $15,526  $12,909 

   For the years ended  December 31, 2024, 2023 and 2022, the Company recognized dividends of approximately $1,443,000, $1,557,000 and $1,539,000 in non-operating income in its consolidated statements of operations, respectively.
    
   The following table shows the Company’s net realized (losses) gains during 2024, 2023 and 2022 on certain marketable equity securities.

       2024    2023    2022  
   (in thousands)  
 Realized (losses) gains:             
 Sale proceeds  $3,662  $343  $- 
 Cost of securities sold   3,213   255   - 
             
 Realized (losses) / gains  $449  $88  $- 

   At  December 31, 2024, the Company’s investments’ approximate fair value of securities in a loss position and related gross unrealized losses were $6,584,000 and $1,689,000, respectively. At  December 31, 2023, the Company’s investments’ approximate fair value of securities in a loss position and related gross unrealized losses were $8,099,000 and $2,630,000, respectively.
    
   The market value of the Company’s equity securities are periodically used as collateral against any outstanding margin account borrowings. At  December 31, 2024 and  December 31, 2023, the Company had no outstanding borrowings under its margin account.

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     45 -

    5.  ACCRUED EXPENSES AND OTHER LIABILITIES 

   Accrued expenses and other liabilities at  December 31 are summarized as follows:

       2024    2023