Marketable Securities

6 Months Ended

Jun. 30, 2011

Marketable Securities

Marketable Securities

3. Marketable Securities 

The following table is a summary of our marketable securities as of June 30, 2011:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Municipal bonds	$	7,780	$	4	$	0	$	7,784
Corporate bonds		7,266		0		(1)		7,265
US Government bonds		1,902		0		0		1,902
Commercial paper		12,974		11		0		12,985
Total	$	29,922	$	15	$	(1)	$	29,936

Our investment in marketable securities is included in the following accounts on the Condensed Consolidated Balance Sheets: 

	June 30		December 31
	2011		2010
	(In thousands)
Marketable securities	$	22,763	$	0
Marketable securities – long term		7,173		0
Total	$	29,936	$	0

Our investments in marketable securities are classified as available-for-sale and are carried at fair value with any unrealized gains and losses recorded in Other comprehensive income.  All unrealized gains and losses as of June 30, 2011 are temporary.As of June 30, 2011, the contractual maturities of our marketable securities range from August 2011 to August 2012.