Marketable Securities

9 Months Ended

Sep. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

The Company has classified its marketable securities as available-for-sale securities. These securities are carried at estimated fair value with unrealized holding gains and losses included in accumulated other comprehensive income/loss in stockholders' equity until realized. Gains and losses on marketable security transactions are reported on the specific-identification method. Dividend and interest income are recognized when earned.

The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of security at September 30, 2013 and December 31, 2012 were as follows:

(In thousands)			Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses			Estimated fair value
September 30, 2013
	Available-for-sale securities:
		Corporate bonds and notes	$	18,712	$	34	$	(54	)	$	18,692
		Municipal bonds	6,697		13		(26		)	6,684
	Total available-for-sale securities		$	25,409	$	47	$	(80	)	$	25,376

(In thousands)			Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Estimated fair value
December 31, 2012
	Available-for-sale securities:
		Corporate bonds and notes	$	—	$	—	$	—	$	—
		Municipal bonds	—		—		—		—
	Total available-for-sale securities		$	—	$	—	$	—	$	—

Maturities of marketable securities classified as available-for-sale securities were as follows at September 30, 2013:

(In thousands)		Amortized cost		Estimated fair value
	Due within one year	$	2,022	$	2,017
	Due after one year through five years	21,344		21,327
	Due after five years through ten years	2,043		2,032
Total available-for-sale securities		$	25,409	$	25,376