Marketable Securities

9 Months Ended

Sep. 30, 2012

Marketable Securities [Abstract]

MARKETABLE SECURITIES

NOTE 3:     MARKETABLE SECURITIES

The following is a summary of available-for-sale marketable securities at September 30, 2012 and December 31, 2011:

	As at September 30, 2012 (Unaudited)
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Available-for-sale securities - matures within one year:
Corporate bonds	$	13,453	$	73	$	(2	)	$	13,524
		13,453		73		(2	)		13,524
Available-for-sale securities - matures after one year through three years:
Certificates of deposits		1,960		—		(1	)		1,959
Foreign government bond		578		1		—			579
Corporate bonds		35,558		398		(50	)		35,906
		38,096		399		(51	)		38,444
Total	$	51,549	$	472	$	(53	)	$	51,968
	As at December 31, 2011 (Audited)
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
Available-for-sale securities - matures within one year:
Corporate bonds	$	22,204	$	16	$	(115	)	$	22,105
		22,204		16		(115	)		22,105
Available-for-sale securities - matures after one year through three years:
Certificates of deposits		2,206		—		(2	)		2,204
Foreign government bond		592		—		(3	)		589
Corporate bonds		45,024		84		(979	)		44,129
		47,822		84		(984	)		46,922
Total	$	70,026	$	100	$	(1,099	)	$	69,027

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of September 30, 2012 and December 31, 2011, and the length of time that those investments have been in a continuous loss position:

	Less than 12 months					12 months or greater
	Fair Value		Gross unrealized loss			Fair Value		Gross unrealized loss
As of September 30, 2012	$	7,468	$	(50	)	$	948	$	(3	)
As of December 31, 2011	$	48,594	$	(923	)	$	5,476	$	(176	)

As of September 30, 2012 and December 31, 2011, management believes the impairments are not other than temporary and therefore the impairment losses were recorded in accumulated other comprehensive income (loss). The Company has no intent to sell these marketable securities and it is more likely than not that the Company will not be required to sell these marketable securities prior to the recovery of the entire amortized cost basis.

For the three months ended September 30, 2012 and 2011, the Company recognized gross realized gains of $45 and $1, respectively, and gross realized losses of $81 and $0, respectively. For the nine months ended September 30, 2012 and 2011, the Company recognized gross realized gains of $208 and $18, respectively, and gross realized losses of $117 and $10, respectively.