MARKETABLE SECURITIES

3 Months Ended

Mar. 31, 2013

Marketable Securities [Abstract]

MARKETABLE SECURITIES

MARKETABLE SECURITIES

At March 31, 2013, current available-for-sale marketable securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In thousands)
Corporate debt security	$	1,007	$	14	$	—	$	1,021
Total debt security	1,007		14		—		1,021
Equity security	—		4,793		—		4,793
Total marketable securities	$	1,007	$	4,807	$	—	$	5,814

At December 31, 2012, current available-for-sale marketable securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	(In thousands)
Corporate debt securities	$	13,608	$	19	$	—	$	13,627
Total debt securities	13,608		19		—		13,627
Equity security	—		6,977		—		6,977
Total marketable securities	$	13,608	$	6,996	$	—	$	20,604

The net unrealized gains in the tables above are included in "Accumulated other comprehensive loss" in the accompanying consolidated balance sheet.

The contractual maturity of the debt security classified as available-for-sale at March 31, 2013 is as follows:

	Amortized Cost		Estimated Fair Value
	(In thousands)
Due after one year through two years	$	1,007	$	1,021
Total	$	1,007	$	1,021

At March 31, 2013 and December 31, 2012, there are no investments in current available-for-sale marketable securities that are in an unrealized loss position.

The following table presents the proceeds from maturities and sales of current and non-current available-for-sale marketable securities and the related gross realized gains and losses:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Proceeds from maturities and sales of available-for-sale marketable securities	$	12,500	$	26,401
Gross realized gains	—		1,783
Gross realized losses	—		—

Gross realized gains and losses from the maturities and sales of available-for-sale marketable securities are included in "Other income, net" in the accompanying consolidated statement of operations.

The specific-identification method is used to determine the cost of securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive income into earnings.