Note 3 - Restricted Cash and Cash Equivalents and Restricted Investments Available for Sale

6 Months Ended

Jun. 30, 2011

Restricted Cash And Investments Current Item Description [Text Block]

3. Restricted Cash and Cash Equivalents and Restricted Investments Available for Sale

The Company collateralizes its lines of credit (non-Palladium) with the following (in thousands):

	June 30, 2011		December 31, 2010
Restricted cash and cash equivalents	$	7,374	$	7,835
Restricted investments available for sale:
U.S. Treasury Notes		10,036		15,055
Corporate Notes and Bonds		5,172		0
Accrued interest income		116		28
Total restricted investments available for sale		15,324		15,083
Total restricted cash and cash equivalents and restricted investments available for sale	$	22,698	$	22,918

The restricted investments are classified as available for sale and are stated at fair value.  At June 30, 2011, gross unrealized holding gains were $36,000 and gross unrealized holding losses were $4,000 and at June 30, 2010, gross unrealized holding gains were $54,000.  Included in comprehensive income was a change in net unrealized losses of $13,000 for the six months ending June 30, 2011 and a change in net unrealized holding gains of $35,000 for the six months ended June 30, 2010.  Included in comprehensive income were changes in net unrealized holding gains of $3,000 and $39,000 for the three months ended June 30, 2011 and 2010, respectively.  The Company capitalizes any premiums paid or discounts received and amortizes the premiums or accretes the discounts on a straight-line basis over the remaining term of the security.  Investments by contractual maturities as of June 30, 2011 were as follows (in thousands):

Within one year	$	21,628
After one year through five years		1,070
After five years through ten years		0
After ten years		0
	$	22,698