GVHR » Topics » 3. MARKETABLE SECURITIES-RESTRICTED

These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

3. MARKETABLE SECURITIES—RESTRICTED

        At December 31, 2007 and 2006, the Company's investment portfolio consisted of restricted money market funds classified as available-for-sale.

        Restricted money market funds relate to collateral held in connection with the Company's workers' compensation programs, collateral held in connection with the Company's general insurance programs and amounts held in escrow related to purchase price contingencies associated with the Company's acquisition of HRA (see Note 1 and 7). These securities are recorded at fair value, which is equal to cost. The interest earned on these investments is recognized as interest income in the Company's condensed consolidated statements of operations.

        There were no realized gains or losses on the sale of marketable securities for the years ended December 31, 2007, 2006 and 2005. There were no unrealized gains or losses on marketable securities as of December 31, 2007 and 2006.

3. MARKETABLE SECURITIES—RESTRICTED



        At December 31, 2007 and 2006, the Company's investment portfolio consisted of restricted money market funds classified as
available-for-sale.



        Restricted
money market funds relate to collateral held in connection with the Company's workers' compensation programs, collateral held in connection with the Company's general
insurance programs and amounts held in escrow related to purchase price contingencies associated with the Company's acquisition of HRA (see Note 1 and 7). These securities are recorded at fair
value, which is equal to cost. The interest earned on these investments is recognized as interest income in the Company's condensed consolidated statements of operations.



        There
were no realized gains or losses on the sale of marketable securities for the years ended December 31, 2007, 2006 and 2005. There were no unrealized gains or losses on
marketable securities as of December 31, 2007 and 2006.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 17, 2008
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