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

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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4, respectively.
    
   The Company recognizes operating lease revenue from leasing tractors and related equipment to third parties, including independent contractors. Operating lease revenue from rental operations is recognized in revenue as it is earned. Upon lease termination, losses  may be incurred in the recovery of leased equipment which are recognized as an expense in the period in which they are incurred.

   NOTE D: MARKETABLE EQUITY SECURITIES
   The Company’s investments in marketable securities consist of equity securities with readily determinable fair values. The 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 

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   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