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Investments (Tables)
6 Months Ended
Jun. 30, 2011
Investments  
Summary of contract maturity of available-for-sale securities

The following table summarizes the contract maturity of the available-for-sale securities we held as of June 30, 2011:

 

One year or less

 

76

%

After one year but within two years

 

20

%

After two years but within three years

 

4

%

Total

 

100

%

Summary of investments

 

 

 

 

Amortized

 

Unrealized

 

Other-Than-
Temporary
Impairment

 

Estimated

 

June 30, 2011

 

Cost

 

Gains

 

Losses

 

Loss

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

167,417

 

$

196

 

$

(51

)

$

 

$

167,562

 

Debt securities issued by U.S. government agencies

 

57,128

 

25

 

(8

)

 

57,145

 

Debt securities issued by the U.S. Treasury

 

6,513

 

10

 

 

 

6,523

 

Debt securities issued by states of the United States and political subdivisions of the states

 

7,401

 

 

 

 

7,401

 

Total securities with a maturity of one year or less

 

238,459

 

231

 

(59

)

 

238,631

 

Corporate debt securities

 

57,591

 

140

 

(57

)

 

57,674

 

Debt securities issued by U.S. government agencies

 

10,117

 

13

 

 

 

10,130

 

Debt securities issued by states of the United States and political subdivisions of the states

 

3,730

 

 

(3

)

 

3,727

 

Total securities with a maturity of more than one year

 

71,438

 

153

 

(60

)

 

71,531

 

Subtotal

 

$

309,897

 

$

384

 

$

(119

)

$

 

$

310,162

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

Current portion (included in Other current assets)

 

$

1,538

 

$

939

 

$

 

$

(880

)

$

1,597

 

Long-term portion (included in Deposits and other assets)

 

625

 

 

 

 

625

 

Subtotal

 

$

2,163

 

$

939

 

$

 

$

(880

)

$

2,222

 

 

 

$

312,060

 

$

1,323

 

$

(119

)

$

(880

)

$

312,384

 

 

 

 

Amortized

 

Unrealized

 

Other-Than-
Temporary
Impairment

 

Estimated

 

December 31, 2010

 

Cost

 

Gains

 

Losses

 

Loss

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

196,010

 

$

294

 

$

(41

)

$

 

$

196,263

 

Debt securities issued by U.S. government agencies

 

119,890

 

53

 

(34

)

 

119,909

 

Debt securities issued by the U.S. Treasury

 

24,030

 

10

 

 

 

24,040

 

Debt securities issued by states of the United States and political subdivisions of the states

 

6,989

 

3

 

 

 

6,992

 

Total securities with a maturity of one year or less

 

346,919

 

360

 

(75

)

 

347,204

 

Corporate debt securities

 

47,842

 

167

 

(44

)

 

47,965

 

Debt securities issued by U.S. government agencies

 

7,139

 

4

 

(11

)

 

7,132

 

Total securities with a maturity of more than one year

 

54,981

 

171

 

(55

)

 

55,097

 

Subtotal

 

$

401,900

 

$

531

 

$

(130

)

$

 

$

402,301

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

Current portion (included in Other current assets)

 

$

1,538

 

$

1,353

 

$

 

$

(880

)

$

2,011

 

Long-term portion (included in Deposits and other assets)

 

625

 

 

 

 

625

 

Subtotal

 

$

2,163

 

$

1,353

 

$

 

$

(880

)

$

2,636

 

 

 

$

404,063

 

$

1,884

 

$

(130

)

$

(880

)

$

404,937

Schedule of investments temporarily impaired

 

 

 

 

 

Less than 12 months of
temporary impairment

 

 

 

Number of
Investments

 

Estimated
Fair Value

 

Unrealized
Losses

 

Corporate debt securities

 

45

 

$

97,370

 

$

(108

)

Debt securities issued by U.S. government agencies

 

4

 

11,541

 

(8

)

Debt securities issued by states of the United States and political subdivisions of the states

 

3

 

3,733

 

(3

)

Total temporarily impaired securities

 

52

 

$

112,644

 

$

(119

)