Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

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Investments (Tables)
 6 Months Ended
Jun. 30, 2012
Investments [Abstract]  
Securities and investments recorded at fair value
                                 
(unaudited)         Unrealized        
    Amortized
Cost 		    Gains     Losses     Fair Value  

Mutual funds (1)

   $ 94     $ 2     $ —       $ 96  
          Unrealized        
     Amortized
Cost 		    Gains     Losses     Fair Value  

Mutual funds (1)

   $ 1,011     $ 114     $ —       $ 1,125  

Auction rate preferred securities in municipal and state agencies (2)

     2,125       —         (21 )     2,104  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Total

   $ 3,136     $ 114     $ (21 )   $ 3,229  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Mutual funds are classified as short-term investments available-for-sale and recorded at fair market value, based on quoted prices of identical assets that are trading in active markets as of the end of the period for which the values are determined.
(2)

Auction rate preferred securities in municipal and state agencies with maturities of 15 to 30 years were classified as investments available-for-sale and recorded at fair value. During the twenty-six weeks ended June 30, 2012, the remaining securities balance at December 31, 2011 was fully redeemed. As of December 31, 2011, these securities were held in two tax-exempt municipal bonds managed under closed-end funds and were classified as long-term investments. Refer to additional information in Note 3 under the caption “Financial Assets Valued on a Recurring Basis”.