|
(5) Investments
The amortized cost and estimated fair values of available-for-sale securities by balance sheet classification are as follows:
|
As of September 30, 2011
|
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
|
Municipal obligations
|
|
$
|
1,365
|
|
$
|
66
|
|
$
|
|
|
$
|
1,431
|
|
|
U.S. government securities funds
|
|
982
|
|
|
|
(1
|
)
|
981
|
|
|
Short-term deposits
|
|
1,783
|
|
|
|
|
|
1,783
|
|
|
Equity securities
|
|
228
|
|
133
|
|
(5
|
)
|
356
|
|
|
Total short-term investment securities
|
|
$
|
4,358
|
|
$
|
199
|
|
$
|
(6
|
)
|
$
|
4,551
|
|
|
As of December 31, 2010
|
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
|
Municipal obligations
|
|
$
|
1,883
|
|
$
|
77
|
|
$
|
|
|
$
|
1,960
|
|
|
U.S. government securities funds
|
|
989
|
|
|
|
(15
|
)
|
974
|
|
|
Short-term deposits
|
|
3,148
|
|
|
|
|
|
3,148
|
|
|
Equity securities
|
|
228
|
|
160
|
|
|
|
388
|
|
|
Total short-term investment securities
|
|
$
|
6,248
|
|
$
|
237
|
|
$
|
(15
|
)
|
$
|
6,470
|
|
The municipal obligations held at a fair value of $1,431 at September 30, 2011 all mature in less than five years.
During the nine-month periods ended September 30, 2011 and 2010, the proceeds from the sales of available-for-sale securities were $5,650 and $109, respectively. There were no gross realized gains (losses) on sales of available-for-sale securities (net of tax) for the nine-month periods ended September 30, 2011 and 2010, respectively.
The Companys trading securities portfolio totaled $1,423 at September 30, 2011 and $1,778 at December 31, 2010, and generated losses of $121 and gains of $102 for the three months ended September 30, 2011 and 2010, respectively and generated losses of $46 and gains of $76 for the nine months ended September 30, 2011 and 2010, respectively.
As of September 30, 2011 and December 31, 2010, the Company had unrealized losses of $1 and $15, respectively, in its U.S. government securities funds. These losses are due to the interest rate sensitivity of the U.S. government securities funds.
|