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Investments
12 Months Ended
Dec. 31, 2011
Investments [Abstract]  
Investments

Note 4—Investments

The Company's held-to-maturity securities at December 31, 2011 and 2010 consisted of certificates of deposit as follows:

 

     Cost or
Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
     Estimated
Fair
Value
 
     (In thousands)  

December 31, 2011

   $ 55,694       $       $       $ 55,694   
  

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2010

   $ 20,069       $       $       $ 20,069   
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company's available-for-sale and held-to-maturity securities were included in the following captions in its consolidated balance sheets:

 

     December 31, 2011      December 31, 2010  
   Available-
for-sale
securities:
     Held-to-
maturity
securities:
     Available-
for-sale
securities
     Held-to-
maturity
securities:
 
   (In thousands)  

Short-term investments

   $       $ 55,694       $ 1       $ 20,069   
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company's held-to-maturity securities had the following maturity dates:

 

     December 31,
2011
     December 31,
2010
 
     (In thousands)  

One year or less

   $ 55,694       $ 20,069   
  

 

 

    

 

 

 

Proceeds from the sales of available-for-sale securities and the gross realized investment gains and losses on those sales reclassified out of accumulated other comprehensive income for the years ended December 31, 2011, 2010 and 2009 were as follows:

 

     Year Ended December 31,  
     2011          2010        2009  
   (In thousands)  

Proceeds

   $       $       $ 4,170   

Gross realized investment gains

                     834   

Gross realized investment losses

   $       $       $ 652   

The specific identification method was used to determine the cost of the sold securities.