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Available-for-sale Securities
12 Months Ended
Dec. 31, 2012
Available-for-sale Securities

Note 5. Available-for-sale Securities

The following is a summary of available-for-sale securities at December 31, 2012 (in thousands):

 

     December 31, 2012  
     Carrying Value      Gross
    Unrealized Gain    
     Fair Value  

Money market funds

   $ 10,268       $ 0       $ 10,268   
  

 

 

    

 

 

    

 

 

 

Total available-for-sale securities

   $ 10,268       $ 0       $ 10,268   
  

 

 

    

 

 

    

 

 

 

 

The following is a summary of available-for-sale securities at December 31, 2011 (in thousands):

 

     December 31, 2011  
     Carrying Value      Gross
Unrealized Gain
     Fair Value  

Money market funds

   $ 8,683       $ 0       $ 8,683   

United States government agency securities

     287         0         287   
  

 

 

    

 

 

    

 

 

 

Total available-for-sale securities

   $ 8,970       $ 0       $ 8,970   
  

 

 

    

 

 

    

 

 

 

Available-for-sale securities at December 31, 2012 and 2011 consisted of the following by original contractual maturity (in thousands):

 

     December 31, 2012      December 31, 2011  
     Carrying
Value
     Fair Value      Carrying
Value
     Fair Value  

Due in one year or less

   $ 10,268       $ 10,268       $ 8,683       $ 8,683   

Due greater than three years and less than five years

     0         0         287         287   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total available-for-sale securities

   $ 10,268       $ 10,268       $ 8,970       $ 8,970   
  

 

 

    

 

 

    

 

 

    

 

 

 

The maturities of certain short-term investments were estimated primarily based upon assumed prepayment features and credit enhancement characteristics.

The Company recorded minimal gross realized gains from the sale or maturity of available-for-sale investments during the year ended December 31, 2011 and did not record any gross realized gains from the sale or maturity of available-for-sale investments during the years ended December 31, 2012 and 2010. The Company recorded minimal gross realized losses from the sale or maturity of available-for-sale investments during the year ended December 31, 2010 and did not record any gross realized losses during the years ended December 31, 2012 and 2011. The Company did not record losses on investments experiencing an other-than-temporary decline in fair value during the years ended December 31, 2012, 2011 and 2010.