XML 16 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Marketable Securities
 6 Months Ended
Jun. 30, 2012
Marketable Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 3:    MARKETABLE SECURITIES

The following is a summary of available-for-sale marketable securities at June 30, 2012 and December 31, 2011:

 

 

                                 
    As at June 30, 2012 (Unaudited)  
    Amortized
cost		     Gross
unrealized
gains		     Gross
unrealized
losses		     Fair
value		  

Available-for-sale securities - matures within one year:

                                

Corporate bonds

   $ 15,741     $ 46     $ (38 )    $ 15,749  
   

 

 

    

 

 

    

 

 

    

 

 

  
      15,741       46       (38 )      15,749  

Available-for-sale securities - matures after one year through three years:

                                

Certificates of deposits

     1,960       —         (1 )      1,959  

Foreign government bond

     583       —         (2 )      581  

Corporate bonds

     36,532       73       (363 )      36,242  
   

 

 

    

 

 

    

 

 

    

 

 

  
      39,075       73       (366 )      38,782  
         

Total

   $ 54,816     $ 119     $ (404 )    $ 54,531  
   

 

 

    

 

 

    

 

 

    

 

 

  
   
    As at December 31, 2011 (Audited)  
    Amortized
cost		     Gross
unrealized
gains		     Gross
unrealized
losses		     Fair
value		  

Available-for-sale securities - matures within one year:

                                

Corporate bonds

   $ 22,204     $ 16     $ (115 )    $ 22,105  
   

 

 

    

 

 

    

 

 

    

 

 

  
      22,204       16       (115 )      22,105  

Available-for-sale securities - matures after one year through three years:

                                

Certificates of deposits

     2,206       —         (2 )      2,204  

Foreign government bond

     592       —         (3 )      589  

Corporate bonds

     45,024       84       (979 )      44,129  
   

 

 

    

 

 

    

 

 

    

 

 

  
      47,822       84       (984 )      46,922  
         

Total

   $ 70,026     $ 100     $ (1,099 )    $ 69,027  
   

 

 

    

 

 

    

 

 

    

 

 

  

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2012 and December 31, 2011, and the length of time that those investments have been in a continuous loss position:

 

                                 
    Less than 12 months     12 months or greater  
    Fair
Value		     Gross
unrealized
loss		     Fair
Value		     Gross
unrealized
loss		  

As of June 30, 2012

   $ 22,002     $ (219 )    $ 9,443     $ (185 ) 

As of December 31, 2011

   $ 48,594     $ (923 )    $ 5,476     $ (176 ) 

As of June 30, 2012 and December 31, 2011, management believes the impairments are not other than temporary and therefore the impairment losses were recorded in accumulated other comprehensive income (loss). The Company has no intent to sell these marketable securities and it is more likely than not that the Company will not be required to sell these marketable securities prior to the recovery of the entire amortized cost basis.

 

For the three months ended June 30, 2012 and 2011, the Company recognized gross realized gains of $111 and $16, respectively, and gross realized losses of $29 and $6, respectively. For the six months ended June 30, 2012 and 2011, the Company recognized gross realized gains of $163 and $17, respectively, and gross realized losses of $36 and $10, respectively.