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Marketable Investments (Tables)
12 Months Ended
Dec. 31, 2012
Marketable Investments [Abstract]  
Summary of the Company 's marketable investments
                                 
    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Market
Value
 

December 31, 2012

                               

Available-for-sale securities

                               

State and municipal obligations

  $ 18,859     $ 27     $ (14   $ 18,872  

Federal agency and corporate obligations

    115,653       380       (29     116,004  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total short-term available-for-sale securities

    134,512       407       (43     134,876  

ARS, long-term

    11,000             (2,030     8,970  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

  $ 145,512     $ 407     $ (2,073   $ 143,846  
   

 

 

   

 

 

   

 

 

   

 

 

 
         
    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Market
Value
 

December 31, 2011

                               

Available-for-sale securities

                               

State and municipal obligations

  $ 9,485     $ 9     $ (12   $ 9,482  

Federal agency and corporate obligations

    127,717       127       (335     127,509  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total short-term available-for-sale securities

    137,202       136       (347     136,991  

ARS, long-term

    11,000             (1,435     9,565  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

  $ 148,202     $ 136     $ (1,782   $ 146,556  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of available for sale securities at their contractual maturity date
                                         
    FY 2013     FY2014     FY2015     Thereafter     Total  

Federal agency and corporate obligations

  $ 50,403     $ 44,727     $ 20,874     $     $ 116,004  

State and municipal obligations

    6,421       10,326       2,125             18,872  

ARS

                      8,970       8,970  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total short and long-term

  $ 56,824     $ 55,053     $ 22,999     $ 8,970     $ 143,846  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of the gross unrealized losses and market value of available-for-sale securities with unrealized losses
                                 
    As of December 31, 2012  
    Less Than 12 Months     12 Months or Greater  
    Market
Value
    Unrealized
Losses
    Market
Value
    Unrealized
Losses
 

State and municipal bonds

  $ 9,430     $ 14     $     $  

Federal agency and corporate obligations

    17,716       29              

ARS

                8,970       2,030  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 27,146     $ 43     $ 8,970     $ 2,030  
   

 

 

   

 

 

   

 

 

   

 

 

 
   
    As of December 31, 2011  
    Less Than 12 Months     12 Months or Greater  
    Market
Value
    Unrealized
Losses
    Market
Value
    Unrealized
Losses
 

State and municipal bonds

  $ 2,763     $ 9     $ 1,107     $ 3  

Federal agency and corporate obligations

    68,962       313       2,043       22  

ARS

                9,565       1,435  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 71,725     $ 322     $ 12,715     $ 1,460  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of Company's fair value hierarchy for its financial assets
                                 
    As of December 31, 2012  
    Level 1     Level 2     Level 3     Total  

Money market funds (1)

  $ 815     $     $     $ 815  

State and municipal obligations

          18,872             18,872  

Federal agency and corporate obligations (2)

          148,117             148,117  

ARS

                8,970       8,970  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 815     $ 166,989     $ 8,970     $ 176,774  
   

 

 

   

 

 

   

 

 

   

 

 

 
   
    As of December 31, 2011  
    Level 1     Level 2     Level 3     Total  

Money market funds (1)

  $ 5,786     $     $     $ 5,786  

State and municipal obligations

          9,482             9,482  

Federal agency and corporate obligations (2)

          128,509             128,509  

ARS

                9,565       9,565  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 5,786     $ 137,991     $ 9,565     $ 153,342  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of changes in fair value of Level 3 financial assets
         
    ARS  

Balance at December 31, 2010

  $ 9,117  

Sales

     

Gains included in accumulated other comprehensive income (loss)

    448  
   

 

 

 

Balance at December 31, 2011

    9,565  

Sales

     

Losses included in accumulated other comprehensive income (loss)

    (595
   

 

 

 

Balance at December 31, 2012

  $ 8,970