FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2012

FAIR VALUE OF ASSETS AND LIABILITIES

Investments measured at fair value on a recurring basis

	March 31, 2012
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Cash
Money market funds	$	1,246	$	1,246	$	—	$	—
Short-term investments
Corporate equity securities	8,716		8,716		—		—
Corporate debt securities, including government-backed securities	2,038		—		2,038		—
Other assets
Auction-rate securities	2,251		—		—		2,251
Deferred compensation plan assets	5,712		5,712		—		—
Total	$	19,963	$	15,674	$	2,038	$	2,251

The table below presents the balances of investments measured at fair value on a recurring basis at December 31, 2011:

	December 31, 2011
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Cash
Money market funds	$	18,164	$	18,164	$	—	$	—
Short-term investments
Corporate debt securities, including U.S. government-backed securities	3,079		—		3,079		—
Other assets
Auction-rate securities	2,251		—		—		2,251
Deferred compensation plan assets	4,899		4,899		—		—
Total	$	28,393	$	23,063	$	3,079	$	2,251