Note 4 - Investments Available for Sale

6 Months Ended

Jun. 30, 2012

Available For Sale Investments [Text Block]

4.   Investments Available for Sale

The Company’s investments were classified as available for sale and stated at fair value and were as follows (in thousands):

	December 31, 2011
Corporate Notes and Bonds	$	2,024
Accrued interest income		33
Total investments available for sale	$	2,057

The Company capitalized any premiums paid or discounts received and amortized the premiums or accreted the discounts on a straight-line basis over the remaining term of the security.  Gross unrealized holding gains and losses were as follows (in thousands):

	June 30, 2011
Gross unrealized holding gains	$	24
Gross unrealized holding losses		2

The change in comprehensive income was as follows (in thousands):

	Six Months Ended June 30,					Three Months Ended June 30,
	2012		2011			2012		2011
Increase/(decrease) in comprehensive income	$	2	$	(45	)	$	0	$	(33	)

The Company received proceeds from the sale of investments available for sale and realized gain on sale as follows (in thousands):

	Six Months Ended June 30,				Three Months Ended June 30,
	2012		2011		2012		2011
Proceeds from sale of investments	$	1,013	$	23,812	$	0	$	12,853
Realized gain on sale of investments		0		12		0		6

Realized gains and losses are recognized using the actual cost of the investment.