Fair Value of Investments

12 Months Ended

Dec. 31, 2011

Fair Value of Investments [Abstract]

Fair Value of Investments

(5) Fair Value of Investments

At December 31, 2011, we held certain securities in a publicly traded entity and private companies which are classified as non-current assets.  The investment in the publicly traded equity security, over which we do not exert significant influence, is classified as “available-for-sale” and reported at fair value on a recurring basis.  Unrealized gains and losses are reported within the accumulated other comprehensive income component of shareholders' equity.  The investments in equity securities of private companies, over which we do not exert significant influence, are reported at cost or fair value, if an other-than-temporary loss has been determined.  Any loss due to impairment in value is recorded when such loss occurs.

The following tables set forth our non-current investments that are carried at fair value:

	Level 1		Level 2		Level 3		Balance at  December 31,  2011
Recurring
Investment in publicly traded equity securities	$	106	$	-	$	-	$	106
Total	$	106	$	-	$	-	$	106
	Level 1		Level 2		Level 3		Balance at December 31, 2010
Recurring
Investment in publicly traded equity securities	$	55	$	-	$	-	$	55
Total	$	55	$	-	$	-	$	55

The following tables set forth the change in the fair value of our Level 1 non-current investment for the periods indicated:

Rollforward of Level 1 Investments
	2011		2010
Balance at January 1	$	55	$	110
Unrealized gain (loss)		51		(55	)
Balance at December 31	$	106	$	55

In the second quarter of 2011, we received proceeds of $405 from the sale of an investment in equity securities of a private company, which had a carrying value of zero, and recorded a $405 gain in other income (expense) in our statement of operations.

In 2010, we received $606 in proceeds from the sale of an equity investment in a private company that had a carrying value of $100.  We recorded a $506 gain on the sale in the other income (expense) line of our statement of operations.  In 2009, we recorded a charge of $3,624 in the other income (expense) line of our statement of operations due to a realized loss on the sale of an investment.

Unrealized gains or losses on our available-for-sale (publicly traded) security, as well as foreign currency translation adjustments, are components of accumulated other comprehensive income as set forth in the following table:

	December 31,
	2011			2010
Cumulative translation adjustment	$	1,961		$	1,936
Unrealized loss on available-for-sale security, net of tax		(348	)		(392	)
Total accumulated other comprehensive income	$	1,613		$	1,544