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Note 7 - Investments (Tables)
12 Months Ended
Dec. 31, 2011
Note 7 - Investments [Abstract]  
Fair value of short and long-term investments classified as available for sale
At December 31, 2011 and 2010, the estimated fair value of our short-term and long-term investments classified as available for sale, are as follows:
 
 
December 31, 2011
 
Gross
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
(In thousands)
Short-term investments:
 
  
 
  
 
 
 
Restricted cash
$
19,490

  
$

  
$

 
$
19,490

Corporate debt securities
447,804

  
1,075

  
(384
)
 
448,495

Government and agency securities
42,071

  
17

  
(2
)
 
42,086

Time deposits and other
81,883

  

  

 
81,883

Equity instruments
8,507

  
637,840

  

 
646,347

 
$
599,755

  
$
638,932

  
$
(386
)
 
$
1,238,301

Long-term investments:
 
  
 
  
 
 
 
Restricted cash
$
1,342

  
$

  
$

 
$
1,342

Corporate debt securities
2,237,395

  
6,335

  
(58,026
)
 
2,185,704

Government and agency securities
70,015

  
1,131

  
(1
)
 
71,145

 
$
2,308,752

  
$
7,466

  
$
(58,027
)
 
$
2,258,191

 
 
December 31, 2010
 
Gross
Amortized
Cost
  
Gross
Unrealized
Gains
  
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
(In thousands)
Short-term investments:
 
  
 
  
 
 
 
Restricted cash
$
20,351

  
$

  
$

 
$
20,351

Corporate debt securities
371,998

  
391

  
(164
)
 
372,225

Government and agency securities
66,437

  
98

  
(1
)
 
66,534

Time deposits and other
44,772

  

  

 
44,772

Equity instruments
8,507

  
533,014

  

 
541,521

 
$
512,065

  
$
533,503

  
$
(165
)
 
$
1,045,403

Long-term investments:
 
  
 
  
 
 
 
Restricted cash
$
1,332

  
$

  
$

 
$
1,332

Corporate debt securities
1,606,723

  
4,541

  
(5,494
)
 
1,605,770

Government and agency securities
152,170

  
149

  
(1,353
)
 
150,966

 
$
1,760,225

  
$
4,690

  
$
(6,847
)
 
$
1,758,068

Fair value and gross unrealized losses of short-term and long-term investments aggregated by type of investment and length of time in continuous unrealized loss position
The following table summarizes the fair value and gross unrealized losses of our short-term and long-term investments, aggregated by type of investment instrument and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2011 (in thousands):
 
 
Less than 12 Months
 
12 Months or Greater
  
Total
 
Fair Value
  
Gross
Unrealized
Losses
 
Fair Value
  
Gross
Unrealized
Losses
  
Fair Value
  
Gross
Unrealized
Losses
Corporate debt securities
$
2,614,561

 
$
(57,523
)
 
$
19,638

 
$
(887
)
 
$
2,634,199

 
$
(58,410
)
Government and agency securities
113,231

 
(3
)
 

 

 
113,231

 
(3
)
 
$
2,727,792

 
$
(57,526
)
 
$
19,638

 
$
(887
)
 
$
2,747,430

 
$
(58,413
)
Estimated fair values of short and long-term investments classified by date of contractual maturity
The estimated fair values of our short-term and long-term investments classified as available for sale by date of contractual maturity at December 31, 2011 are as follows (in thousands):
 
 
December 31,
2011
One year or less (including restricted cash of $19,490)
$
1,238,301

One year through two years
1,001,970

Two years through three years
727,175

Three years through four years
328,229

Four years through five years
200,817

 
$
3,496,492