Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Schedule Of Fair Values Of Financial Instruments Measured On Recurring Basis

The following tables present the fair values of the Company’s financial instruments that are measured at fair value on a recurring basis (in thousands):



June 30, 2012	Level 1		Level 2		Level 3		Fair Value
Cash equivalents:
Money market and other funds	65,522		—		—		65,522
Time deposits	1,511		—		—		1,511
Certificates of Deposit	17,045		—		—		17,045
Equity securities	220		—		—		220
Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies	7,560		—		—		7,560
Debt securities issued by states of the United States and political subdivisions of the states	14,471		—		—		14,471
Debt securities issued by foreign governments	6,368		—		—		6,368
Corporate debt securities	18,297		—		—		18,297
Total	$	130,994	$	—	$	—	$	130,994

December 31, 2011	Level 1		Level 2		Level 3		Fair Value
Cash equivalents:
Money market and other funds	79,945		—		—		79,945
Time deposits	7,082		—		—		7,082
Certificates of Deposit	8,000		—		—		8,000
Equity securities	2		—		—		2
Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies	15,006		—		—		15,006
Debt securities issued by states of the United States and political subdivisions of the states	16,228		—		—		16,228
Debt securities issued by foreign governments	6,544		—		—		6,544
Corporate debt securities	35,811		—		—		35,811
Total	$	168,618	$	—	$	—	$	168,618

Schedule Of Changes In Fair Value Of Level 3 Financial Assets

The following table provides a summary of changes in fair value of the Company’s Level 3 financial assets (in thousands):



	Level 3 Financial Assets
	Six Months Ended June 30, 2012		Six Months Ended June 30, 2011
Beginning Balance	$	—	$	496
Total gains (losses) - realized/unrealized
Included in earnings	—		—
Not included in earnings	—		42
Purchases, issuances and settlements	—		—
Transfers in and/or out of Level 3	—		—
Balance, June 30, 2012 and 2011	$	—	$	538
Total losses for the period included in earnings relating to assets still held at June 30, 2012 and 2011	$	—	$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details