Marketable Securities and Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2011

Marketable Securities and Fair Value Disclosures [Abstract]

The following tables present details of the Company’s marketable securities as of June 30, 2011 and December 31, 2010 (in thousands):


	Available-for-Sale Securities as of June 30, 2011
			Gross Unrealized		Gross Unrealized			Estimated Fair
	Amortized Cost		Gains		Losses			Value
Long-term:
Auction rate securities	$	1,400	$	—	$	(110	)	$	1,290
Short-term:
Mutual fund deposits		9,125		—		(5	)		9,120

Total	$	10,525	$	—	$	(115	)	$	10,410


	Available-for-Sale Securities as of December 31, 2010
			Gross Unrealized		Gross Unrealized			Estimated Fair
	Amortized Cost		Gains		Losses			Value
Long-term:
Auction rate securities	$	1,400	$	—	$	(131	)	$	1,269
Short-term:
Mutual fund deposits		8,882		—		(21	)		8,861

Total	$	10,282	$	—	$	(152	)	$	10,130

The following table reconciles total other-than-temporary impairment losses to other-than-temporary losses recognized in earnings for the Company's available-for-sale securities

The following table reconciles total other-than-temporary impairment losses to other-than-temporary losses recognized in earnings for the Company’s available-for-sale securities for the three and six months ended June 30, 2011 and 2010 (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Total other-than-temporary losses	$	—	$	—	$	—	$	(4	)
Less: portion of losses recorded in other comprehensive income		—		—		—		(4	)

Net impairment losses recognized in earnings	$	—	$	—	$	—	$	—

Fair value of assets and liabilities measured on a recurring basis

The following tables present the Company’s fair value hierarchy for its cash equivalents, marketable securities, foreign exchange option contracts and acquired assets and liabilities which are measured at fair value on a recurring basis as of June 30, 2011 and December 31, 2010 (in thousands):


	Fair Value Measurements at June 30, 2011 Using
	Level 1		Level 2		Level 3		Total
Financial assets:
Auction rate securities	$	—	$	—	$	1,290	$	1,290
Bank time deposits		—		62,508		—		62,508
Foreign exchange option contracts, net		—		45		—		45
Money market fund deposits		26,902		—		—		26,902
Mutual funds		9,120		—		—		9,120
Indemnification assets acquired		—		—		1,078		1,078

Total	$	36,022	$	62,553	$	2,368	$	100,943


	Level 1		Level 2		Level 3		Total
Financial liabilities:
Foreign exchange option contracts, net	$	—	$	131	$	—	$	131
Deferred consideration acquired		—		—		231		231
Other long-term liabilities acquired		—		—		1,468		1,468

Total	$	—	$	131	$	1,699	$	1,830


	Fair Value Measurements at December 31, 2010 Using
	Level 1		Level 2		Level 3		Total
Financial assets:
Auction rate securities	$	—	$	—	$	1,269	$	1,269
Bank time deposits		—		65,646		—		65,646
Foreign exchange option contracts, net		—		133		—		133
Money market fund deposits		27,703		—		—		27,703
Mutual funds		8,861		—		—		8,861
Indemnification assets acquired		—		—		1,078		1,078

Total	$	36,564	$	65,779	$	2,347	$	104,690


	Level 1		Level 2		Level 3		Total
Financial liabilities:
Foreign exchange option contracts, net	$	—	$	—	$	—	$	—
Deferred consideration acquired		—		—		231		231
Other long-term liabilities acquired		—		—		1,419		1,419

Total	$	—	$	—	$	1,650	$	1,650

Changes in fair value of the Company's Level 3 financial assets measured on a recurring basis

Changes in fair value of the Company’s Level 3 financial assets measured on a recurring basis

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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