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Investments (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2011:

 

One year or less

 

65

%

After one year but within two years

 

29

%

After two years but within three years

 

6

%

Total

 

100

%

Summary of investments

 

 

 

 

 

 

 

 

 

 

Other-Than-

 

 

 

 

 

 

 

 

 

 

 

Temporary

 

 

 

 

 

Amortized

 

Unrealized

 

Impairment

 

Estimated

 

December 31, 2011

 

Cost

 

Gains

 

Losses

 

Loss

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

109,842

 

$

13

 

$

(255

)

$

 

$

109,600

 

Debt securities issued by U.S. government agencies

 

53,723

 

35

 

(5

)

 

53,753

 

Debt securities issued by the U.S. Treasury

 

2,353

 

3

 

 

 

2,356

 

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

 

16,141

 

4

 

(3

)

 

16,142

 

Total securities with a maturity of one year or less

 

182,059

 

55

 

(263

)

 

181,851

 

Corporate debt securities

 

57,632

 

21

 

(331

)

 

57,322

 

Debt securities issued by U.S. government agencies

 

26,754

 

 

(67

)

 

26,687

 

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

 

12,331

 

19

 

(23

)

 

12,327

 

Total securities with a maturity of more than one year

 

96,717

 

40

 

(421

)

 

96,336

 

Subtotal

 

$

278,776

 

$

95

 

$

(684

)

$

 

$

278,187

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

Current portion (included in Other current assets)

 

$

1,538

 

$

624

 

$

 

$

(880

)

$

1,282

 

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

 

625

 

 

 

 

625

 

Subtotal

 

$

2,163

 

$

624

 

$

 

$

(880

)

$

1,907

 

 

 

$

280,939

 

$

719

 

$

(684

)

$

(880

)

$

280,094

 

 

 

 

 

 

 

 

 

 

Other-Than-

 

 

 

 

 

 

 

 

 

 

 

Temporary

 

 

 

 

 

Amortized

 

Unrealized

 

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

 

59

 

$

118,695

 

$

(586

)

Debt securities issued by U.S. government agencies

 

10

 

33,685

 

(72

)

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

 

5

 

9,685

 

(26

)

Total temporarily impaired securities

 

74

 

$

162,065

 

$

(684

)