Available For Sale Securities

9 Months Ended

Sep. 30, 2011

Available For Sale Securities [Abstract]

AVAILABLE FOR SALE SECURITIES

7. AVAILABLE-FOR-SALE SECURITIES

The Company’s available-for-sale securities are primarily comprised of highly-rated corporate, U.S. Treasury and U.S. federally-sponsored agency bonds and are recorded at fair value. As of September 30, 2011 and December 31, 2010, the Company held available-for-sale securities of $14,468,000 and $9,795,000, respectively. Interest income from the available-for-sale securities was $59,000 and $60,000 for the three months ended September 30, 2011 and 2010, respectively, and $171,000 and $133,000 for the nine months ended September 30, 2011 and 2010, respectively.

The following table presents the Company’s amortized cost and estimated fair value of available-for-sale securities as of September 30, 2011:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Debt securities
December 31, 2010	$	9,812	$	23	$	(40	)	$	9,795
September 30, 2011	$	14,515	$	42	$	(89	)	$	14,468

The following table presents the Company’s maturities of debt securities at fair value as of September 30, 2011:

(In thousands)
Mature within one year	$	4,149
Mature in one to five years		10,319
Total	$	14,468