Note
2—Investments
The Company’s
investments at the end of 2012 and 2011 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2012:
|
|
Cost
Basis |
|
|
Unrealized
Gains |
|
|
Recorded
Basis |
|
|
Available-for-sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government and agency
securities
|
|
$ |
776 |
|
|
$ |
6 |
|
|
$ |
782 |
|
|
Corporate notes and bonds
|
|
|
54 |
|
|
|
0 |
|
|
|
54 |
|
|
FDIC-insured corporate
bonds
|
|
|
35 |
|
|
|
0 |
|
|
|
35 |
|
|
Asset and mortgage-backed
securities
|
|
|
8 |
|
|
|
0 |
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total available-for-sale
|
|
|
873 |
|
|
|
6 |
|
|
|
879 |
|
|
Held-to-maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Certificates of deposit
|
|
|
447 |
|
|
|
|
|
|
|
447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term
Investments
|
|
$ |
1,320 |
|
|
$ |
6 |
|
|
$ |
1,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2011:
|
|
Cost
Basis |
|
|
Unrealized
Gains |
|
|
Recorded
Basis |
|
|
Available-for-sale:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government and agency
securities
|
|
$ |
1,096 |
|
|
$ |
8 |
|
|
$ |
1,104 |
|
|
Corporate notes and bonds
|
|
|
6 |
|
|
|
1 |
|
|
|
7 |
|
|
FDIC-insured corporate
bonds
|
|
|
208 |
|
|
|
1 |
|
|
|
209 |
|
|
Asset and mortgage-backed
securities
|
|
|
12 |
|
|
|
0 |
|
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total available-for-sale
|
|
|
1,322 |
|
|
|
10 |
|
|
|
1,332 |
|
|
Held-to-maturity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Certificates of deposit
|
|
|
272 |
|
|
|
|
|
|
|
272 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term
Investments
|
|
$ |
1,594 |
|
|
$ |
10 |
|
|
$ |
1,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At the end of 2012, 2011
and 2010 the Company’s available-for-sale securities that
were in continuous unrealized-loss position were not material.
Gross unrealized gains and losses on cash equivalents were not
material at the end of 2012 and 2011.
The proceeds from sales
of available-for-sale securities during 2012, 2011, and 2010 are
provided in the following table:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Proceeds
|
|
$ |
482 |
|
|
$ |
602 |
|
|
$ |
309 |
|
Gross realized gains or
losses from sales of available-for-sale securities were not
material in 2012, 2011, and 2010.
The maturities of
available-for-sale and held-to-maturity securities at the end of
2012 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Available-For-Sale |
|
|
Held-To-Maturity |
|
| |
|
Cost Basis |
|
|
Fair Value |
|
|
Cost Basis |
|
|
Fair Value |
|
|
Due in one year or less
|
|
$ |
590 |
|
|
$ |
590 |
|
|
$ |
447 |
|
|
$ |
447 |
|
|
Due after one year through five
years
|
|
|
282 |
|
|
|
288 |
|
|
|
0 |
|
|
|
0 |
|
|
Due after five years
|
|
|
1 |
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
873 |
|
|
$ |
879 |
|
|
$ |
447 |
|
|
$ |
447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|