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Investments (Tables)
6 Months Ended
Jun. 30, 2012
Investments  
Summary of contract maturity of available-for-sale securities

 

 

One year or less

 

66

%

After one year but within two years

 

24

%

After two years but within three years

 

10

%

Total

 

100

%

 

Summary of investments

 

 

 

 

 

 

 

 

 

 

Other-Than-

 

 

 

 

 

 

 

 

 

 

 

Temporary

 

 

 

 

 

Amortized

 

Unrealized

 

Impairment

 

Estimated

 

June 30, 2012

 

Cost

 

Gains

 

Losses

 

Loss

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

115,609

 

$

62

 

$

(45

)

$

 

$

115,626

 

Debt securities issued by U.S. government agencies

 

38,564

 

16

 

(3

)

 

38,577

 

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

 

11,930

 

6

 

(3

)

 

11,933

 

Total securities with a maturity of one year or less

 

166,103

 

84

 

(51

)

 

166,136

 

Corporate debt securities

 

49,671

 

32

 

(189

)

 

49,514

 

Debt securities issued by U.S. government agencies

 

13,660

 

22

 

(107

)

 

13,575

 

Debt securities issued by the U.S. Treasury

 

8,484

 

9

 

(3

)

 

8,490

 

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

 

12,636

 

42

 

(9

)

 

12,669

 

Total securities with a maturity of more than one year

 

84,451

 

105

 

(308

)

 

84,248

 

Subtotal

 

$

250,554

 

$

189

 

$

(359

)

$

 

$

250,384

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

Current portion (included in Other current assets)

 

$

1,538

 

$

1,943

 

$

 

$

(880

)

$

2,601

 

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

 

625

 

 

 

 

625

 

Subtotal

 

$

2,163

 

$

1,943

 

$

 

$

(880

)

$

3,226

 

 

 

$

252,717

 

$

2,132

 

$

(359

)

$

(880

)

$

253,610

 

 

 

 

 

 

 

 

 

 

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

 

 

Schedule of investments temporarily impaired

 

 

 

 

 

 

Less than 12 months of
temporary impairment

 

 

 

Number of
Investments

 

Estimated
Fair Value

 

Unrealized
Losses

 

Corporate debt securities

 

37

 

$

80,812

 

$

(234

)

Debt securities issued by U.S. government agencies

 

6

 

14,572

 

(110

)

Debt securities issued by the U.S. Treasury

 

3

 

5,333

 

(3

)

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

 

2

 

6,548

 

(12

)

Total temporarily impaired securities

 

48

 

$

107,265

 

$

(359

)