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Investments (Tables)
6 Months Ended
Jun. 30, 2012
Investments  
Summary of short- and long-term investments

 

 

 

 

June 30, 2012

 

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

Due in one year or less

 

$

57,598

 

$

86

 

$

(37

)

$

57,647

 

Due in one to three years

 

52,577

 

64

 

(70

)

52,571

 

U.S. treasury and government agency securities

 

 

 

 

 

 

 

 

 

Due in one year or less

 

17,972

 

95

 

 

18,067

 

Due in one to three years

 

40,709

 

104

 

(4

)

40,809

 

Commercial paper

 

 

 

 

 

 

 

 

 

Due in one year or less

 

7,487

 

 

(10

)

7,477

 

Total investments

 

$

176,343

 

$

349

 

$

(121

)

$

176,571

 

 

 

 

December 31, 2011

 

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

Due in one year or less

 

$

74,687

 

$

81

 

$

(115

)

$

74,653

 

Due in one to three years

 

19,950

 

73

 

(50

)

19,973

 

U.S. treasury and government agency securities

 

 

 

 

 

 

 

 

 

Due in one year or less

 

26,770

 

67

 

(7

)

26,830

 

Due in one to three years

 

21,028

 

228

 

 

21,256

 

Commercial paper

 

 

 

 

 

 

 

 

 

Due in one year or less

 

5,997

 

 

(6

)

5,991

 

Total short-term investments

 

$

148,432

 

$

449

 

$

(178

)

$

148,703

 

 

 

 

 

 

 

 

 

 

 

Long-term investments:

 

 

 

 

 

 

 

 

 

Auction rate securities

 

 

 

 

 

 

 

 

 

Due after five years

 

19,900

 

 

(2,373

)

17,527

 

Total long-term investments

 

$

19,900

 

$

 

$

(2,373

)

$

17,527

 

 

 

 

 

 

 

 

 

 

 

Total short and long-term investments

 

$

168,332

 

$

449

 

$

(2,551

)

$

166,230

 

 

Fair value of investments with unrealized losses

 

 

 

 

June 30, 2012

 

 

 

Less than 12 Months

 

12 Months or Greater

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

Corporate debt securities

 

$

58,433

 

$

(92

)

$

937

 

$

(15

)

$

59,370

 

$

(107

)

U.S. treasury and government agency securities

 

8,391

 

(4

)

 

 

8,391

 

(4

)

Commercial paper

 

7,477

 

(10

)

 

 

7,477

 

(10

)

 

 

$

74,301

 

$

(106

)

$

937

 

$

(15

)

$

75,238

 

$

(121

)

 

 

 

December 31, 2011

 

 

 

Less than 12 Months

 

12 Months or Greater

 

Total

 

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

Corporate debt securities

 

$

34,097

 

$

(161

)

$

4,124

 

$

(4

)

$

38,221

 

$

(165

)

U.S. treasury and government agency securities

 

8,841

 

(7

)

 

 

8,841

 

(7

)

Commercial paper

 

5,991

 

(6

)

 

 

5,991

 

(6

)

Auction rate securities

 

 

 

19,900

 

(2,373

)

19,900

 

(2,373

)

 

 

$

48,929

 

$

(174

)

$

24,024

 

$

(2,377

)

$

72,953

 

$

(2,551

)