Investments

6 Months Ended

Jun. 30, 2011

Investments [Abstract]

INVESTMENTS

Note 2. INVESTMENTS

     The following table summarizes the Company’s investments, including accrued interest, as of June 30, 2011 and December 31, 2010 (in thousands):

	June 30, 2011		December 31, 2010
Current investments:
Certificates of deposit	$	33,050	$	34,037
U.S. Government Sponsored Enterprises		400		500
Corporate bonds		4,409		3,094
Total current investments	$	37,859	$	37,631
Noncurrent investments:
Corporate bonds	$	872		2,439
Total noncurrent investments	$	872	$	2,439

     The Company’s current investments as of June 30, 2011 include $33,050,000 of Certificates of Deposit, with fixed interest rates between 0.55% and 2.25% issued by HSBC, a large international financial institution, and by large financial institutions in China. The Company’s investments in Certificates of Deposit are intended to be held to maturity. Other than Certificates of Deposit, the Company’s current investments also include available-for-sale securities at fair value, which approximates cost, of $400,000 issued by U.S. Government-sponsored enterprises and corporate bonds of $4,409,000, which mature within the next twelve months. The Company’s current investments are recorded at fair value, and the difference between fair value and amortized cost as of June 30, 2011 was de minimis. The Company’s noncurrent investments of $872,000 as of June 30, 2011, consist of corporate bonds which mature in 13 to 30 months.

     The Company’s current investments as of December 31, 2010 include $34,037,000 of Certificates of Deposit, with fixed interest rates between 0.05% and 2.25% issued by HSBC, a large international financial institution, and by large financial institutions in China. The Company’s investments in Certificates of Deposit are intended to be held to maturity. Other than Certificates of Deposit, the Company’s current investments also include available-for-sale securities at fair value, which approximates cost, of $500,000 issued by U.S. Government-sponsored enterprises and corporate bonds of $3,094,000, which mature within one year from period ended December 31, 2010. The Company’s current investments are recorded at fair value, and the difference between fair value and amortized cost as of December 31, 2010 was de minimis. The Company’s noncurrent investments of $2,439,000 as of December 31, 2010, consist of corporate bonds which mature in 13 to 21 months.