Available-for-Sale Securities

6 Months Ended

Jun. 30, 2013

Investments Debt And Equity Securities [Abstract]

Available-for-Sale Securities

5. AVAILABLE-FOR-SALE SECURITIES

The Company’s available-for-sale securities are recorded at fair value and are primarily comprised of highly-rated U.S. Treasury, Corporate and Agency bonds and equity securities. As of June 30, 2013, the Company held available-for-sale securities of $10.5 million, which includes $0.8 million related to equity securities held in Rabbi Trusts, that are classified as long-term assets under the caption “Other long-term assets” in the unaudited Condensed Consolidated Balance Sheets. Interest income from the available-for-sale securities was nominal and $0.1 million for both the three and six months ended June 30, 2013 and July 1, 2012, respectively. As of December 31, 2012, the Company held no available-for-sale securities.

The following table presents the Company’s debt and equity securities as of June 30, 2013:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 2013
Debt securities	$	9,749	$	—	$	(54	)	$	9,695
Equity securities held in Rabbi Trusts		776		—		(4	)		772
Total	$	10,525	$	—	$	(58	)	$	10,467
The following table presents the Company’s maturities of available-for-sale debt securities:
(In thousands)
Mature within one year								$	1,049
Mature in one to five years									7,652
Mature in over five years									994
Total								$	9,695