Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 53

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 cost of securities sold is based on the specific identification method, and interest and dividends on securities are included in non-operating income.
    
   Marketable equity securities are carried at fair value, with gains and losses in fair market value included in the determination of net income. The fair value of marketable equity securities is determined based on quoted market prices in active markets, as described in Note J.
    
   The following table sets forth market value, cost, and unrealized gains on equity securities as of  September 30, 2025 and  December 31, 2024.

       September 30, 2025    December 31, 2024  
   (in thousands)  
 Fair market value  $46,802  $42,620 
 Cost   28,821   27,094 
 Unrealized gain  $17,981  $15,526 

   The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities as of  September 30, 2025 and  December 31, 2024.

       September 30, 2025    December 31, 2024  
   (in thousands)  
 Gross unrealized gains  $19,895  $17,215 
 Gross unrealized losses   1,914   1,689 
 Net unrealized gain  $17,981  $15,526 

       8

   The following table shows the Company’s net realized gains (losses) during the three and nine months ending on  September 30, 2025 and 2024, respectively, on certain marketable equity securities.

       Three Months Ended    Nine Months Ended  
   September 30,    September 30,  
   2025    2024    2025    2024  
   (in thousands)  
 Sales proceeds  $3,075  $166  $3,818  $2,797 
 Cost of securities sold   1,477   90   2,510   2,905 
 Realized gain (loss)  $1,598  $76  $1,308  $(108)

   For the quarter ended  September 30, 2025, the Company recognized dividends received of approximately $316,000 in