Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Available-For-Sale Securities (Tables)

v2.4.0.6
Cash, Cash Equivalents and Available-For-Sale Securities (Tables)
 9 Months Ended
Sep. 30, 2012
Cash, Cash Equivalents and Available-For-Sale Securities  
Schedule of cash, cash equivalents and available-for-sale securities

Cash, cash equivalents and available-for-sale securities consisted of the following (in thousands):

 

 

 

September 30,

 

December 31,

 

 

 

2012

 

2011

 

Checking account

 

$

116

 

$

686

 

Money market funds

 

9,198

 

11,947

 

U. S. treasury bills

 

—

 

3,002

 

Government-sponsored enterprise securities

 

50,902

 

144,599

 

Corporate bonds and commercial paper

 

123,679

 

87,406

 

 

 

$

183,895

 

$

247,640

 

Reported as:

 

 

 

 

 

Cash and cash equivalents

 

$

26,801

 

$

18,633

 

Available-for-sale securities

 

157,094

 

229,007

 

 

 

$

183,895

 

$

247,640

 

 
Schedule of cash equivalents and available-for-sale securities including the securities with unrealized gains and losses

Cash equivalents and available-for-sale securities include the following securities with unrealized gains and losses (in thousands):

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

September 30, 2012

 

Cost

 

Gains

 

Losses

 

Fair Value

 

Government-sponsored enterprise securities

 

$

50,867

 

$

35

 

$

—

 

$

50,902

 

Corporate bonds and commercial paper

 

123,608

 

86

 

(15

)

123,679

 

Total

 

$

174,475

 

$

121

 

$

(15

)

$

174,581

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

December 31, 2011

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U. S. treasury bills

 

$

3,001

 

$

1

 

$

—

 

$

3,002

 

Government-sponsored enterprise securities

 

144,602

 

27

 

(30

)

144,599

 

Corporate bonds and commercial paper

 

87,398

 

48

 

(40

)

87,406

 

Total

 

$

235,001

 

$

76

 

$

(70

)

$

235,007

 

 
Schedule of contractual maturities of cash equivalents and available-for-sale securities

As of September 30, 2012, the contractual maturities of our cash equivalents and available-for-sale securities were (in thousands):

 

 

 

Years to Maturity

 

 

 

 

 

After One Year

 

 

 

Within One

 

Through

 

 

 

Year

 

Five Years

 

Money market funds

 

$

9,198

 

$

—

 

Government-sponsored enterprise securities

 

27,196

 

23,706

 

Corporate bonds and commercial paper

 

112,616

 

11,063

 

 

 

$

149,010

 

$

34,769

 

 
Schedule of fair value and gross unrealized losses of the entity's investments in unrealized loss position

The following table shows the fair value and gross unrealized losses of our investments in individual securities that are in an unrealized loss position, aggregated by investment category (in thousands):

 

 

 

 

 

Unrealized

 

September 30, 2012

 

Fair Value

 

Losses

 

Corporate bonds and commercial paper

 

$

18,164

 

$

(15

)