INVESTMENTS

Investments with original maturities of three months or less, when purchased, are included in "Cash and cash equivalents" or in “Restricted cash and bank time deposits” in the condensed consolidated balance sheets. As of October 31, 2012 and January 31, 2012, such investments included money market funds totaling $71.4 million and $208.0 million, respectively. There were no unrealized gains (losses) on these investments as of October 31, 2012 and January 31, 2012. As of October 31, 2012, the Company held no other investments.

As of January 31, 2012, the Company had other investments in available-for-sale securities which are set forth in the following table:



	January 31, 2012
			Included in Accumulated Other Comprehensive Income
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Cumulative Impairment Charges			Estimated Fair Value
	(In thousands)
Short-term:
Auction rate securities - Corporate issuers	$	7,500	$	34	$	—	$	(7,262	)	$	272
Total short-term investments	$	7,500	$	34	$	—	$	(7,262	)	$	272

There were no cash proceeds from sale or redemption of investments for the three months ended October 31, 2012. The Company received cash proceeds from sales and redemptions of Auction Rate Securities ("ARS") and other investments of $0.4 million for the nine months ended October 31, 2012 and $0.5 million and $26.3 million for the three and nine months ended October 31, 2011, respectively.

The gross realized gains and losses on the Company’s investments for the three and nine months ended October 31, 2012 and 2011 are as follows:



	Three Months Ended October 31,				Nine Months Ended October 31,
	Gross Realized Gains		Gross Realized Losses		Gross Realized Gains		Gross Realized Losses
	(In thousands)
2012	$	—	$	—	$	156	$	—
2011	$	120	$	—	$	8,011	$	—

The components of other comprehensive income (“OCI”) related to available-for-sale securities are as follows:



	Three Months Ended October 31,					Nine Months Ended October 31,
	2012		2011			2012			2011
	(In thousands)
Accumulated OCI related to available-for-sale securities, beginning of the period	$	—	$	10,260		$	(8,391	)	$	13,240
Unrealized gains on available-for-sale securities	—		(1,376		)	—			(287		)
Reclassification adjustment for gains included in net loss	—		(87		)	(34		)	(4,156		)
Changes in accumulated OCI on available-for-sale securities, before tax	—		(1,463		)	(34		)	(4,443		)
Deferred income tax benefit	—		—			8,425			—
Changes in accumulated OCI on available-for-sale securities, net of tax	—		(1,463		)	8,391			(4,443		)
Accumulated OCI related to available-for-sale securities, end of the period	$	—	$	8,797		$	—		$	8,797