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Investments
3 Months Ended
Mar. 31, 2012
Investments [Abstract]  
Investments

7. Investments

Our available-for-sale investments were classified as short-term investments on our March 31, 2012, December 31, 2011 and March 31, 2011 Condensed Consolidated Balance Sheets. The following table sets forth the aggregate fair value, amortized cost basis and the net unrealized gains and losses included in accumulated other comprehensive income (loss) of our available-for-sale investments as of the dates indicated:

 

     As of:  
     March 31, 2012     December 31, 2011     March 31, 2011  
     Aggregate
Fair Value
     Amortized
Cost
     Net
Unrealized
Gains
(Losses)
    Aggregate
Fair Value
     Amortized
Cost
     Net
Unrealized
Gains
(Losses)
    Aggregate
Fair Value
     Amortized
Cost
     Net
Unrealized
Gains
(Losses)
 

Available- for-Sale Investments:

                        

Government obligations

   $ 80,445       $ 80,446       ($ 1 )    $ 100,517       $ 100,480       $ 37      $ 100,658       $ 100,691       ($ 33 ) 

Government agency obligations

     17,022         17,022         0        31,351         31,354         (3 )      33,172         33,187         (15 ) 

Corporate obligations

     17,339         17,340         (1 )      16,620         16,633         (13 )      13,437         13,441         (4 ) 
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 
   $ 114,806       $ 114,808       ($ 2 )    $ 148,488       $ 148,467       $ 21      $ 147,267       $ 147,319       ($ 52 ) 
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

We also held a certificate of deposit with a total principal value of $5,345 as of March 31, 2011. This investment was included in Short-term investments on our Condensed Consolidated Balance Sheet as of March 31, 2011. We did not hold a certificate of deposit as of March 31, 2012 or December 31, 2011. We had $114,806 of debt securities classified as available-for-sale as of March 31, 2012, and all of those debt securities had contractual maturities within one year.

The following table sets forth the unrealized gains and losses on available-for-sale investments that were included in other comprehensive income (loss) in the periods indicated:

 

     Three Months Ended
March 31,
 
     2012     2011  

Unrealized gains

   $ 0      $ 0   

Unrealized losses

   ($ 23 )    ($ 133 ) 

The following table sets forth the components of investment income included in Interest income in our Condensed Consolidated Statements of Income in the periods indicated:

 

     Three Months Ended
March 31,
 
     2012      2011  

Interest income on investments

   $ 141       $ 155   

Realized net gains on the sale of investments

     14         145   
  

 

 

    

 

 

 
   $ 155       $ 300