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Cash Equivalents And Investments

9 Months Ended

Sep. 30, 2011

Cash Equivalents And Investments [Abstract]

2.	Cash Equivalents and Investments:

As of September 30, 2011 and December 31, 2010, the Company's cash equivalents consisted entirely of money market funds with a fair value of $15.9 million and $11.7 million, respectively.

Investments consist of municipal debt securities, federal home loan securities and certificates of deposit. Investments with remaining maturities of less than one year are classified as short-term investments. Investments classified as long-term have maturities of one year to six years.

The Company intends and has the ability to hold its held-to-maturity securities to maturity, and therefore carries such investments at amortized cost in accordance with the provisions of the accounting guidance for investments in debt and equity securities. Held-to-maturity securities are not subject to the fair value disclosure requirements.

Investments held at September 30, 2011 and December 31, 2010, are summarized as follows (in thousands):


	September 30, 2011				December 31, 2010
	Short-Term		Long-Term		Short-Term		Long-Term

Municipal debt securities	$	7,209	$	20,518	$	16,901	$	11,327
Federal home loan securities		—		14,501		—		16,066
Certificates of deposit		—		—		480		—

	$	7,209	$	35,019	$	17,381	$	27,393