THQ 2010 Annual Report Download - page 63

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55
As of March 31, 2010 we had $51.2 million of trading securities classified as cash equivalents. These
investments are made up of negotiable certificates of deposit, corporate securities, and municipal securities,
which, when purchased by us, had remaining maturities of three months or less. There were no gains or
losses on these trading securities in fiscal 2010. As of March 31, 2009 there were no trading securities
classified as cash equivalents.
3. Inves tment Securities
The following table summarizes our investment securities and their related inception-to-date gross unrealized
gains and (losses), as of March 31, 2010 (in thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losse s
Fair
Value
Short-term investments:
Municipal securities(1) ........................... $17,222 $26 $(7) $17,241
Corporate securities............................. 64,220 187 (53) 64,354
Negotiable certificates of deposit(2).... 1,347 — (1) 1,346
Total short-term inves tments
... 8
82,789
213
(61)
82,941
Long-term investments:
Municipal securities(3) ........................... 2,000 — (149) 1,851
Total long-term investment s
..... 2
2,000
—
(149)
1,851
Total available-for-sale
investments
........................................
$84,789
$213
$(210)
84,792
Put option ............................................. 1,738
Trading securities(4) ..............................
21,036
Total short-term inves tments ,
pledged
.........................................
22,774
Total investment securities
..............
$107,566
(1) Municipal securities classified as short-term includes bonds issued or deemed to be
guaranteed by non-U.S. governments, U.S. agency securities, U.S. Treasury securities, and
local governments.
(2) Negotiable certificates of deposit consist of deposits issued by institutions outside the U.S.
(3) Municipal securities classified as long-term, consist of municipal ARS substantially all of
which are backed by monoline bond insurance companies.
(4) Trading securities classified as short-term, pledged, consist of student loan ARS
substantially all of which are guaranteed by the U.S. government under the Federal Family
Educational Loan Program and backed by monoline bond insurance companies.