2.2.0.7 false Marketable Securities 10301 - Disclosure - Marketable Securities true false false false 1 USD false false Unit12 Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Unit13 Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Unit1 Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Marketable Securities 0 us-gaap_MarketableSecuritiesCurrentAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Marketable Securities 1 us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="1%" nowrap="nowrap" align="left"><b>3.</b></td> <td width="1%"> </td> <td><b><i>Marketable Securities</i></b></td></tr></table></div> <div style="margin-top: 6pt;"> <table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>During the three months ended September 30, 2010, we redeemed, at par, the remaining $0.8 million balance of our auction rate securities, which are variable rate bonds tied to short-term interest rates which reset through a Dutch auction at predetermined short intervals. As of December 31, 2009, we held $42.0 million at par value in auction rate securities that were issued by municipalities and state education agencies. The auction rate securities issued by state education agencies represented pools of student loans for which repayment is substantially guaranteed by the U.S. government under the Federal Family Education Loan Program. All of our investments in auction rate securities had at least a double A rating. As of December 31, 2009, the par value of our auction rate securities issued by municipalities and state education agencies was $12.0 million and $30.0 million, respectively.</td></tr> <tr><td style="font-size: 6pt;"> </td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td><b>Auction Rate Securities under Settlement Agreement </b><i>— </i>Due to continuing failures of auctions for our auction rate securities, we entered into an auction rate security rights agreement (the "Settlement") with UBS Financial Services, Inc. ("UBS") in November 2008 that permitted us to sell, or put, certain auction rate securities back to UBS at par value at any time during the period from June 30, 2010 through July 2, 2012. As of December 31, 2009, the par value of our auction rate securities covered under the Settlement was $30.8 million. These auction rate securities were classified as trading securities; consequently, we were required to assess the fair value of these auction rate securities and of the Settlement and to record changes in earnings each period until the Settlement was exercised and the securities were sold.</td></tr> <tr><td style="font-size: 6pt;"> </td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td>As of December 31, 2009, the fair value of the auction rate securities covered under the Settlement was $28.5 million, a decline of $2.3 million from par value. However, as we would be permitted to put these securities back to UBS at par, the fair value assessment of the Settlement was measured at an offsetting $2.3 million. Because all auction rate securities covered under the Settlement were either sold or put to UBS during the nine months ended September 30, 2010, we reversed the other-than-temporary impairment of $2.3 million on the auction rate securities and the offsetting gain of $2.3 million on the fair value assessment of the Settlement. These changes were reflected in Other income (expense), net for the nine months ended September 30, 2010. As of September 30, 2009, the fair value of the auction rate securities covered under the Settlement was $28.0 million, a decline of $2.8 million from par value, but an improvement in the $3.1 million impairment recognized at December 31, 2008. For the three months and nine months ended September 30, 2009, we reversed $1.4 million and $0.3 million, respectively, of the other-than-temporary impairment on the auction rate securities. For the three months and nine months ended September 30, 2009, we also reversed $1.4 million and $0.3 million, respectively, of the gain on the fair value assessment of the Settlement. These changes were reflected in Other income (expense), net on the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2009.</td></tr> <tr><td style="font-size: 6pt;"> </td></tr> <tr style="background: none transparent scroll repeat 0% 0%; color: #000000; font-size: 10pt;" valign="top"><td width="1%" nowrap="nowrap" align="left"> </td> <td width="1%"> </td> <td><b>Auction Rate Securities Not Covered under Settlement </b><i>— </i>As of December 31, 2009, the par value of our auction rate securities not covered under the Settlement was $11.2 million. In March 2010, we sold $11.2 million of our auction rate securities not covered under the Settlement for $10.7 million. We recognized the $0.5 million loss on the sale of the securities in Other income (expense), net on the Condensed Consolidated Statement of Operations for the nine months ended September 30, 2010.</td></tr></table></div></div> </div> 3.   Marketable Securities     During the three months ended September 30, 2010, we redeemed, at par, the remaining $0.8 million balance false false false us-types:textBlockItemType textblock This item represents the entire disclosure related to Investments in Certain Debt and Equity Securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 false 1 2 false UnKnown UnKnown UnKnown false true