Urban Outfitters 2010 Annual Report Download - page 64

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URBAN OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
3. Marketable Securities
During all periods shown, marketable securities are classified as available-for-sale. The amortized
cost, gross unrealized gains (losses) and fair values of available-for-sale securities by major security
type and class of security as of January 31, 2010 and 2009 are as follows:
Amortized
Cost
Unrealized
Gains
Unrealized
(Losses)
Fair
Value
As of January 31, 2010
Short-term Investments:
Municipal bonds ........................... $120,778 $ 357 $ (5) $121,130
Federal government agencies ................. 154,470 229 (24) 154,675
FDIC insured corporate bonds ................ 22,219 186 — 22,405
Treasury bills ............................. 42,758 43 — 42,801
Equities .................................. 1,800 — (299) 1,501
342,025 815 (328) 342,512
Long-term Investments:
Municipal bonds ........................... 35,699 302 (29) 35,972
Federal government agencies ................. 116,625 394 (111) 116,908
FDIC insured corporate bonds ................ 32,652 263 — 32,915
Treasury bills ............................. 24,055 90 — 24,145
Auction rate securities ...................... 37,625 — (4,120) 33,505
246,656 1,049 (4,260) 243,445
$588,681 $1,864 $(4,588) $585,957
As of January 31, 2009
Short-term Investments:
Municipal bonds ........................... $ 15,814 $ 123 $ — $ 15,937
Federal government agencies ................. 24,975 — — 24,975
Mutual funds .............................. 5,046 — — 5,046
Demand notes and equities ................... 4,840 2 (852) 3,990
50,675 125 (852) 49,948
Long-term Investments:
Municipal bonds ........................... 76,517 1,239 (10) 77,746
Federal government agencies ................. 25,640 — (141) 25,499
FDIC insured corporate bonds ................ 13,318 — (79) 13,239
Auction rate securities ...................... 44,025 — (5,283) 38,742
159,500 1,239 (5,513) 155,226
$210,175 $1,364 $(6,365) $205,174
Proceeds from the sale and maturities of available-for-sale securities were $421,040, $864,685
and $220,101 in fiscal 2010, 2009 and 2008, respectively. The Company included in other income, a
net realized gain of $1,075 during fiscal 2010, a net realized loss of $896 during fiscal 2009 and a net
realized gain of $1 during fiscal 2008. Amortization of discounts and premiums, net, resulted in
charges of $6,204, $2,444 and $1,734 for fiscal years 2010, 2009, and 2008, respectively.
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