Note B - Restricted Cash And Cash Equivalents And Restricted Investments Available For Sale

12 Months Ended

Dec. 31, 2011

Restricted Cash And Investments Current Item Description [Text Block]

NOTE B –     RESTRICTED CASH AND CASH EQUIVALENTS AND RESTRICTED INVESTMENTS AVAILABLE FOR SALE

The Company collateralizes its lines of credit (non-Palladium) with the following at December 31 (in thousands):

	2011		2010
Restricted cash and cash equivalents	$	13,449	$	7,835
Restricted investments available for sale:
U.S. Treasury Notes		5,007		15,055
Corporate Notes and Bonds		4,062		0
Accrued interest income		84		28
Total restricted investments available for sale		9,153		15,083
Total restricted cash and cash equivalents and restricted investments available for sale	$	22,602	$	22,918

The restricted investments are classified as available for sale and are stated at fair value.  At December 31, 2011 and 2010, gross unrealized holding gains were $8,000 and $51,000, respectively, and gross unrealized holding losses were $3,000 at December 31, 2011.  Included in comprehensive income were changes in net unrealized losses of $30,000 for the year ended December 31, 2011 and changes in net unrealized holding gains of $34,000 for the year ended December 31, 2010.  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 December 31, 2011 were as follows (in thousands):

Within one year	$	9,153
After one year through five years		0
After five years through ten years		0
After ten years		0
	$	9,153

There were no sales of restricted investments available for sale during the years ended December 31, 2011, 2010 and 2009.