Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Financial assets valued on recurring basis

                                 
    As of June 30, 2012  
(unaudited)   Total     Level 1     Level 2     Level 3  

Assets:

                                

Cash and cash equivalents (1)

   $ 1,405     $ 1,405     $ —       $ —    

Investments – mutual funds (2)

     96       96       —         —    
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Total

   $ 1,501     $ 1,501     $ —       $ —    
   

 

 

    

 

 

    

 

 

    

 

 

  
   
    As of December 31, 2011  
    Total     Level 1     Level 2     Level 3  

Assets:

                                

Cash and cash equivalents (1)

   $ 10,335     $ 10,335     $ —       $ —    

Investments – mutual funds (2)

     1,125       1,125       —         —    

Investments – ARPS (3)

     2,104       —         —         2,104  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Total

   $ 13,564     $ 11,460     $ —       $ 2,104  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Cash equivalents consist primarily of money market funds and short-term investments with original maturity dates of three months or less at the date of purchase, for which the Company determines fair value through quoted market prices.
(2) Investments consist of mutual funds, 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.
(3) During the twenty-six weeks ended June 30, 2012, the remaining ARPS balance at December 31, 2011 was fully redeemed. As of December 31, 2011, the Company had invested $2.1 million (par value) in ARPS, which were classified as long-term available-for-sale securities and reflected at $2.1 million (fair value), which included an unrealized loss of $21,000. The Company has included its investments related to ARPS in the Level 3 category.
Summary of ARPS measured at fair value on recurring basis

         
(unaudited)   Level 3
Investments		  

Balance as of December 31, 2011

   $ 2,104  

Redemption at par value

     (2,125 )

Unrealized gains included in other comprehensive income

     21  
   

 

 

  
   

Balance as of June 30, 2012

   $ —    
   

 

 

  
   
(unaudited)   Level 3
Investments		  

Balance as of January 1, 2011

   $ 4,141  

Redemption at par value

     (400 )

Unrealized gains included in other comprehensive income

     25  
   

 

 

  
   

Balance as of July 2, 2011

   $ 3,766