Marketable Securities

9 Months Ended

Sep. 30, 2012

Marketable Securities

Marketable Securities

4. Marketable Securities

Marketable securities held by the Company were as follows:

• At December 31, 2010:

Available for Sale	Amortized Cost		Unrealized Gains (Losses)			Fair Value
	(in thousands)
U.S. Treasuries and agencies	$	1,026	$	(2	)	$	1,024
Municipal bonds		7,940		—			7,940
Mutual funds for SERP		261		—			261
	$	9,227	$	(2	)	$	9,225

• At December 31, 2011:

Available for Sale	Amortized Cost		Unrealized Gains (Losses)		Fair Value
	(in thousands)
Mutual funds for SERP	$	245	$	—	$	245
	$	245	$	—	$	245

• At September 30, 2012:

Available for Sale	Amortized Cost		Unrealized Gains (Losses)			Fair Value
	(in thousands) (unaudited)
U.S. Treasuries and agencies	$	35,286	$	(30	)	$	35,256
Municipal bonds		2,000		—			2,000
Mutual funds for SERP		275		—			275
	$	37,561	$	(30	)	$	37,531

At September 30, 2012 the Company also held U.S. Agency Securities with a fair value of $1.8 million as a long term investment. The amortized cost of these securities was $1.8 million.