Note 4 - Investments Available for Sale

9 Months Ended

Sep. 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):

	September 30, 2011
Gross unrealized holding gains	$	2
Gross unrealized holding losses		3

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

	Nine Months Ended September 30,					Three Months Ended September 30,
	2012		2011			2012		2011
Increase/(decrease) in comprehensive income	$	1	$	(61	)	$	0	$	(16	)

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

	Nine Months Ended September 30,
	2012		2011
Proceeds from sale of investments	$	1,013	$	23,812
Realized gain on sale of investments		0		12

There were no sales of  investments available for sale during the three months ended September 30, 2012 and 2011.  Realized gains and losses are recognized using the actual cost of the investment.  Realized gains and losses are recognized using the actual cost of the investment.