Cash, Cash Equivalents And Short-Term Investments

12 Months Ended

Dec. 31, 2011

Cash, Cash Equivalents And Short-Term Investments [Abstract]

Cash, Cash Equivalents And Short-Term Investments

Note 5. Cash, Cash Equivalents and Short-Term Investments

The following is a summary of cash, cash equivalents and short-term investments at December 31, 2011 (in thousands):

	December 31, 2011
	Carrying Value		Gross Unrealized  Gain		Fair Value
Cash and cash equivalents:
Cash	$	16,814	$	0	$	16,814
Money market funds		8,683		0		8,683
		25,497		0		25,497
Short-term investments:
United States government agency securities		287		0		287
Total short-term investments		287		0		287
Total cash, cash equivalents and short-term investments	$	25,784	$	0	$	25,784

The following is a summary of cash, cash equivalents and short-term investments at December 31, 2010 (in thousands):

	December 31, 2010
	Carrying Value		Gross Unrealized  Gain		Fair Value
Cash and cash equivalents:
Cash	$	22,770	$	0	$	22,770
Money market funds		6,178		0		6,178
Total cash and cash equivalents		28,948		0		28,948
Short-term investments:
Corporate debt securities		14		59		73
United States government agency securities		939		49		988
Total short-term investments		953		108		1,061
Total cash, cash equivalents and short-term investments	$	29,901	$	108	$	30,009

Cash equivalents and short-term investments at December 31, 2011 and 2010 consisted of the following by original contractual maturity (in thousands):

	December 31, 2011				December 31, 2010
	Carrying Value		Fair Value		Carrying Value		Fair Value
Due in one year or less	$	8,683	$	8,683	$	6,178	$	6,178
Due greater than three years and less than five years		287		287		953		1,061
Total cash equivalents and short-term investments	$	8,970	$	8,970	$	7,131	$	7,239

The maturities of certain short-term investments were estimated primarily based upon assumed prepayment features and credit enhancement characteristics.

Gross realized gains from the sale or maturity of available-for-sale investments were minimal, $0 and $0.2 million during the years ended December 30, 2011, 2010 and 2009, respectively. The Company recorded minimal gross realized losses from the sale or maturity of available-for-sale investments during the year ended December 31, 2010 and did not record any gross realized losses during the years ended December 31, 2011 and 2009. The Company did not record losses on investments experiencing an other-than-temporary decline in fair value during the years ended December 31, 2011, 2010 and 2009.