Short-Term Investments

6 Months Ended

Jun. 30, 2011

Short-Term Investments

Short-Term Investments

Note 2. Short-Term Investments

Short-term investments consist of fixed income securities with remaining maturities of greater than three months at the date of purchase, debt securities and equity securities. At June 30, 2011, all of our short-term investments are classified as available for sale investments and measured as level 1 instruments of the fair value measurements standard.

The following summarizes the Company's available for sale investments at June 30, 2011:

(in thousands)	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
June 30, 2011
Debt securities:
U.S. Treasury	$	83,595	$	52	$	—	$	83,647
Corporate		44,175		28		5		44,198
	$	127,770	$	80	$	5	$	127,845
Maturities of investments were as follows:
Less than one year		94,689		73		2		94,760
Greater than one year		33,081		7		3		33,085
Total	$	127,770	$	80	$	5	$	127,845