v2.4.0.6

Investments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Investments and Fair Value Measurements [Abstract]

Assets and liabilities measured at fair value

The following table presents assets and liabilities measured at fair value as of September 30, 2012 and December 31, 2011.

		Fair Value Measurements at Reporting Date Using
						Quoted Prices in				Quoted Prices in
						Active Markets for				Inactive Markets for				Significant
						Identical Assets				Identical Assets				Unobservable Inputs
		Total				(Level 1)				(Level 2)				(Level 3)
As of September 30, 2012:
Assets:
Cash and cash equivalents		$	44,989			$	44,989			$	-			$	-
Mutual funds			44,759				44,759				-				-
Certificate of deposit			2,132				2,132				-				-
		$	91,880			$	91,880			$	-			$	-
As of December 31, 2011:
Assets:
Cash and cash equivalents		$	14,848			$	14,848			$	-			$	-
Mutual funds			56,163				56,163				-				-
Government agency bonds			5,261				-				5,261				-
Certificate of deposit			2,085				2,085				-				-
		$	78,357			$	73,096			$	5,261			$	-

Unrealized gains and losses

As of September 30, 2012, we held one security which was in an unrealized loss position with a total estimated fair value of $5.0 million and gross unrealized losses of less than $0.1 million.  We also recorded $0.9 million of gross unrealized gains.  The net unrealized gain of $0.8 million is reported in accumulated other comprehensive income in the stockholder's equity section of our balance sheet.  This security had not been in a continuous unrealized loss position for greater than one year.  The following table summarizes unrealized gains and losses for the nine months ended September 30, 2012.

		September 30, 2012
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Mutual funds		$	43,924			$	857			$	(22	)		$	44,759

As of December 31, 2011, we held two securities which were in an unrealized loss position with a total estimated fair value of $12.6 million and gross unrealized loss of approximately $0.2 million. These securities have not been in a continuous unrealized loss position for greater than one year. The net unrealized gain of $0.5 million is reported in accumulated other comprehensive income in the stockholder's equity section of our balance sheet.  The following table summarizes unrealized gains and losses for the year ended December 31, 2011.

		December 31, 2011
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Estimated Fair Value
Mutual funds		$	55,718			$	652			$	(207	)		$	56,163
Government agency bonds			5,256				5				-				5,261
		$	60,974			$	657			$	(207	)		$	61,424

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

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- Definition

Tabular disclosure of unrealized gains and losses on investments.

+ References

No definition available.

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