Investments in Available-for-Sale Securities

12 Months Ended

Dec. 31, 2012

Available-for-sale Securities [Abstract]

Available-for-sale Securities [Text Block]

. Investments in Available-for-Sale Securities

The Company has invested in marketable debt securities, primarily highly liquid AA - rated corporate bonds, U.S. government and government agency securities. These investments are held in the custody of a major financial institution. These securities, along with the Company's investments in marketable equity securities, are classified as available-for-sale securities and, accordingly, the unrealized gains and losses are recorded through other comprehensive income.

The Company's investments in available-for-sale marketable securities are as follows:

December 31, 2012										Balance Sheet
			Gross		Gross					Classification
			Unrealized		Unrealized			Fair		Short-Term		Other
	Cost Basis		Gains		Losses			Value		Investments		Assets
	(In thousands)
Available-for-sale:
U.S. government and agency securities	$	146,993	$	2	$	(412	)	$	146,583	$	146,583	$	—
Corporate notes and bonds	88,118		—		(396		)	87,722		87,722		—
Equity securities	5,271		2,704		(2,628		)	5,347		—		5,347
Total Investments	$	240,382	$	2,706	$	(3,436	)	$	239,652	$	234,305	$	5,347

The aggregate fair value of investments with unrealized losses was $223.3 million at December 31, 2012.

December 31, 2011										Balance Sheet
			Gross		Gross					Classification
			Unrealized		Unrealized			Fair		Short-Term
	Cost Basis		Gains		Losses			Value		Investments		Other Assets
	(In thousands)
Available-for-sale:
Equity securities	$	5,268	$	4,394	$	(2,122	)	$	7,540	$	—	$	7,540
Total Investments	$	5,268	$	4,394	$	(2,122	)	$	7,540	$	—	$	7,540

The debt securities outstanding at December 31, 2012 have maturity dates ranging from the first quarter of 2013 through the second quarter of 2014. The Company classifies its investments as current based on the nature of the investments and their availability for use in current operations.