Urban Outfitters 2011 Annual Report Download - page 68

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URBAN OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(in thousands, except share and per share data)
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, 2011 and 2010 are as follows:
Amortized
Cost
Unrealized
Gains
Unrealized
(Losses)
Fair
Value
As of January 31, 2011
Short-term Investments:
Municipal and pre-refunded municipal bonds .... $ 42,996 $ 48 $ (9) $ 43,035
Federal government agencies ................. 40,842 80 — 40,922
FDIC insured corporate bonds ................ 23,489 66 — 23,555
Treasury bills ............................. 7,004 4 — 7,008
Variable rate demand notes .................. 1,900 — — 1,900
116,231 198 (9) 116,420
Long-term Investments:
Municipal and pre-refunded municipal bonds .... 143,711 216 (558) 143,369
Corporate bonds ........................... 137,540 173 (154) 137,559
Federal government agencies ................. 18,225 30 (2) 18,253
Treasury bills ............................. 23,311 34 — 23,345
Auction rate securities ...................... 33,250 — (3,788) 29,462
356,037 453 (4,502) 351,988
$472,268 $ 651 $(4,511) $468,408
As of January 31, 2010
Short-term Investments:
Municipal and pre-refunded 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 and pre-refunded 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
Proceeds from the sale and maturities of available-for-sale securities were $571,236, $421,040
and $864,685 in fiscal 2011, 2010 and 2009, respectively. The Company included in other income, a
net realized loss of $30 during fiscal 2011, a net realized gain of $1,075 during fiscal 2010 and a net
realized loss of $896 during fiscal 2009. Amortization of discounts and premiums, net, resulted in
charges of $8,702, $6,204 and $2,444 for fiscal years 2011, 2010, and 2009, respectively.
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