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Securities Available For Sale (Tables)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Collateralized Debt Obligations Sold [Member]
Auction Rate Securities [Member]
Fair Value Of Auction Rate Securities By Security Type And Underlying Rating
 
Details Of Securities Sold  

Par value

   $ 11.2   

Cost basis

   $ 6.6   

Fair value

   $ 5.7   

Cumulative realized losses

   $ 4.2   

Accumulated losses in other comprehensive income, gross

   $ 0.9   

Accumulated losses in other comprehensive income, net of tax

   $ 0.6   
Details Of Other Than Temporary Losses
     For the Years Ended
December 31,
 
     2011      2010      2009  

Total other-than-temporary impairment losses on securities available for sale

   $ 0.6       $ 1.2       $ 8.1   

Less: Unrealized losses on securities available for sale, recognized in other comprehensive income

     —           —           2.0   
  

 

 

    

 

 

    

 

 

 

Unrealized losses on securities available for sale, recognized in earnings

   $ 0.6       $       $ 6.1   
  

 

 

    

 

 

    

 

 

 
 
Auction Rate Securities Reconciliation Of Cost Basis To Fair Value

     December 31, 2011  
     Adjusted
Cost Basis  (1)
     Gross  Cumulative
Unrealized
(Losses)/Gains
    Fair Value  

Auction rate securities – student loans

   $ 12.9       $ (1.0   $ 11.9   

Auction rate securities – structured finance securities

     1.7         —          1.7   
  

 

 

    

 

 

   

 

 

 

Total auction rate securities

   $ 14.6       $ (1.0   $ 13.6   
  

 

 

    

 

 

   

 

 

 
     December 31, 2010  
     Adjusted
Cost Basis (1)
     Gross Cumulative
Unrealized
(Losses) Gains
    Fair Value  

Auction rate securities – student loans

   $ 17.5       $ (1.1   $ 16.4   

Auction rate securities – structured finance securities

     2.3         0.3        2.6   
  

 

 

    

 

 

   

 

 

 

Total auction rate securities

   $ 19.8       $ (0.8   $ 19.0   
  

 

 

    

 

 

   

 

 

 

 

(1) Adjusted cost basis reflects adjustments for credit and other losses recognized in earnings. Cumulative adjustments to the cost basis of securities held as of December 31, 2011 and 2010 totaled $3.3 million and $2.7 million, respectively. Par value of securities held as of December 31, 2011 and 2010 was $17.9 million and $22.5 million, respectively.