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Fair Value (Tables)
9 Months Ended
Sep. 30, 2011
Fair Value [Abstract] 
Financial assets measured at fair value on a recurring basis
                                 
    Level 1     Level 2     Level 3     Total  
    (In thousands)  
                                 

September 30, 2011

                               

Cash equivalents:

                               

Money market funds

  $ 45,256     $ —       $ —       $ 45,256  

Short-term investments:

                               

State, municipal and local government agencies bonds

    —         34,167       —         34,167  

Corporate bonds

    —         18,297       —         18,297  

U.S. federal government bonds

    —         8,586       —         8,586  

Commercial paper

    —         4,598       —         4,598  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 45,256     $ 65,648     $ —       $ 110,904  
   

 

 

   

 

 

   

 

 

   

 

 

 
                                 

December 31, 2010

                               

Cash equivalents:

                               

Money market funds

  $ 68,395     $ —       $ —       $ 68,395  

Short-term investments:

                               

State, municipal and local government agencies bonds

    —         11,931       —         11,931  

Corporate bonds

    —         11,907       —         11,907  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 68,395     $ 23,838     $ —       $ 92,233  
   

 

 

   

 

 

   

 

 

   

 

 

 
Maturities of short-term investments
                 
    September 30, 2011     December 31, 2010  
    (In thousands)  

Short-term investments:

               

Less than one year

  $ 37,888     $ 21,174  

Due in 1 - 2 years

    11,555       2,664  

Due in 3 - 30 years (1)

    16,205       —    
   

 

 

   

 

 

 

Total short-term investments

  $ 65,648     $ 23,838  
   

 

 

   

 

 

 

 

(1) Represents the final maturity of variable rate demand notes. These securities have a put right on the part of the Company which allows the Company to put the security to the issuer, generally within a month of the balance sheet date. Should the Company exercise its put option on the put date, it is entitled to receive the par value of the security plus any accrued interest.
Summary of available-for-sale securities
                                 
    Amortized
Cost
    Gross Unrealized
Gains
    Gross Unrealized
Losses
    Estimated Fair
Value
 
    (In thousands)  

September 30, 2011

                               

State, municipal and local government agencies bonds

  $ 34,135     $ 37     $ (5   $ 34,167  

Corporate bonds

    18,321       —         (24     18,297  

U.S. federal government bonds

    8,584       3       (1     8,586  

Commercial paper

    4,598       —         —         4,598  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 65,638     $ 40     $ (30   $ 65,648  
   

 

 

   

 

 

   

 

 

   

 

 

 

December 31, 2010

                               

State, municipal and local government agencies bonds

  $ 11,915     $ 20     $ (4   $ 11,931  

Corporate bonds

    11,894       20       (7     11,907  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 23,809     $ 40     $ (11   $ 23,838