THQ 2008 Annual Report Download - page 78

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The following table summarizes the amortized cost and fair value of our investment securities, classified by
stated maturity as of March 31, 2008 (in thousands):
Amortized Fair
Cost Value
Short-term investments:
Due in one year or less ........................... $ 47,964 $ 48,200
Due after one year through two years ................. 21,411 21,484
Total short-term investments ...................... 69,375 69,684
Long-term investments:
Due after one year through five years ................. 500 500
Due after five years through ten years ................. 1,000 1,000
Due after ten years .............................. 52,485 51,099
Total long-term investments ...................... 53,985 52,599
Total investment securities .......................... $123,360 $122,283
The following table summarizes our investment securities and their related inception-to-date gross
unrealized gains and (losses), as of March 31, 2007 (in thousands). All of our investment securities are
classified as available-for-sale.
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
Short-term investments:
U.S. agency securities ............ $ 12,495 $3 $ (2) $ 12,496
Municipal securities ............. 245,761 — (45) 245,716
Corporate notes ................ 25,000 — (2) 24,998
Total short-term investments ..... $283,256 $3 $(49) $283,210
The following table summarizes the gross unrealized losses and fair value of our short-term investments,
aggregated by investment category and length of time that individual securities have been in a continuous
unrealized loss position as of March 31, 2007 (in thousands):
Unrealized Losses Unrealized Losses
Less Than 12 Months 12 Months or Greater Total
Gross Gross Gross
Fair Unrealized Fair Unrealized Fair Unrealized
Value Losses Value Losses Value Losses
U.S. agency securities ............ $ 12,496 $ (2) $— $— $ 12,496 $ (2)
Municipal securities ............. 245,716 (45) — — 245,716 (45)
Corporate notes ................ 24,998 (2) — — 24,998 (2)
Total short-term investments ..... $283,210 $(49) $— $— $283,210 $(49)
The gross unrealized losses in each of the securities in the above tables were primarily caused by a
decrease in the fair value of the investments as a result of an increase in interest rates. The contractual
terms of these securities do not permit the issuer to call, prepay or otherwise settle the securities at prices
less than the stated par value of the security. Accordingly, we did not consider these investments to be
other-than-temporarily impaired as of March 31, 2007.
During the year ended March 31, 2007 there were no realized gains or (losses) from sales of
available-for-sale securities. In addition to the net unrealized loss of approximately $46,000 from our
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