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Available For Sale Securities
12 Months Ended
Dec. 31, 2012
Available For Sale Securities [Abstract]  
Available For Sale Securities

4.            RESTRICTED SECURITIES AVAILABLE FOR SALE

 

Restricted securities available for sale consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

As of December 31, 2012

 

 

 

Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

US Government and agency securities

 

$

20.6

 

$

-

 

$

(0.1

)

 

$

20.5

 

Commercial paper

 

 

18.9

 

 

-

 

 

(0.1

)

 

 

18.8

 

Corporate bonds

 

 

3.3

 

 

-

 

 

-

 

 

 

3.3

 

Certificates of deposit

 

 

3.3

 

 

-

 

 

-

 

 

 

3.3

 

Foreign Government bonds

 

 

0.2

 

 

-

 

 

-

 

 

 

0.2

 

 Total restricted securities available for sale

 

$

46.3

 

$

-

 

$

(0.2

)

 

$

46.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

As of December 31, 2011

 

 

 

Cost

 

Gross Unrealized Gains

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Corporate bonds

 

$

0.8

 

$

-

 

$

-

 

 

$

0.8

 

Total restricted securities available for sale

 

$

0.8

 

$

-

 

$

-

 

 

$

0.8

 

 

 

The cost and estimated fair values of debt securities by contractual maturity were as follows (securities with multiple maturity dates are classified in the period of final maturity).  Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

As of December 31,

 

 

 

2012

 

 

2011

 

 

 

Cost

 

 

Estimated Fair Value

 

 

Cost

 

 

Estimated Fair Value

 

Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

Within one year

 

$

33.8 

 

 

$

33.7 

 

 

$

-

 

 

$

-

 

Over one year to five years

 

 

8.6 

 

 

 

8.6 

 

 

 

0.8 

 

 

 

0.8 

 

Over five years to ten years

 

 

3.9 

 

 

 

3.8 

 

 

 

-

 

 

 

-

 

 Total restricted securities available for sale

 

$

46.3 

 

 

$

46.1 

 

 

$

0.8 

 

 

$

0.8