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CHECK POINT SOFTWARE FORM 20-F DFN ON-BOA ˆ200FDMqj#yBfii57UŠ 200FDMqj#yBfii57 RR Donnelley ProFile wcrdoc1 10.10.12 WCRgardm0px 02-Apr-2012 18:23 EST 229899 FIN 26 2* PAL 09-Apr-2012 13:21 EST CURR PS PMT 1C CHECK POINT SOFTWARE TECHNOLOGIES LTD. AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 4:- MARKETABLE SECURITIES Marketable securities with contractual maturities of less than one year are as follows: December 31, 2010 2011 Gross Gross Gross Gross Amortized unrealized unrealized Fair Amortized unrealized unrealized Fair cost gains losses value cost gains losses value Government and corporate debentures - fixed interest rate .................. $313,939 Government-sponsored $2,372 $ (85) $316,226 $504,749 $3,534 $(237) $508,046 enterprises ............ Government and corporate debentures - floating 142,496 504 (100) 142,900 40,088 238 — 40,326 interest rate ............ 78,505 97 (10) 78,592 95,086 129 (48) 95,167 $534,940 $2,973 $(195) $537,718 $639,923 $3,901 $(285) $643,539 Marketable securities with contractual maturities of over one year through five years are as follows: Amortized cost Gross unrealized gains December 31, 2010 2011 Gross unrealized losses Fair value Amortized cost Gross unrealized gains Gross unrealized losses Government and corporate debentures - fixed interest rate ...... $ 990,454 $18,421 $(1,731) $1,007,144 $1,103,254 $14,854 $(2,058) $1,116,050 Governmentsponsored enterprises ...... 189,085 1,366 (552) 189,899 295,235 2,061 (151) 297,145 Government and corporate debentures - floating interest rate ............ 120,206 297 (85) 120,418 102,161 160 (1,729) 100,592 Auction rate securities (*) ..... 7,990 — — 7,990 6,078 — — 6,078 $1,307,735 $20,084 $(2,368) $1,325,451 $1,506,728 $17,075 $(3,938) $1,519,865 F-26 Fair value
CHECK POINT SOFTWARE FORM 20-F DFN ON-BOA ˆ200FDMqk04d=geo7WŠ 200FDMqk04d=geo7 RR Donnelley ProFile wcrdoc1 10.10 WCRjacis0in 26-Mar-2012 14:39 EST 229899 FIN 27 1* PAL 09-Apr-2012 13:21 EST CURR PS IFV 1C CHECK POINT SOFTWARE TECHNOLOGIES LTD. AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 4:- MARKETABLE SECURITIES (Cont.) Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows: Investments with continuous unrealized losses for less than 12 months Fair value Unrealized losses December 31, 2010 Investments with continuous unrealized losses for 12 months or greater Fair value Unrealized losses Total Investments with continuous unrealized losses Fair value Unrealized losses Government and corporate debentures - fixed interest rate ........ $195,784 $(1,816) $ — $— $195,784 $(1,816) Government-sponsored enterprises ....... 122,574 (649) 4,999 (3) 127,572 (652) Government and corporate debentures - floating interest rate ...... 58,632 (47) 15,834 (48) 74,467 (95) $376,990 $(2,512) $20,833 $ (51) $397,823 $(2,563) Investments with continuous unrealized losses for less than 12 months Fair value Unrealized losses December 31, 2011 Investments with continuous unrealized losses for 12 months or greater Fair value Unrealized losses Total Investments with continuous unrealized losses Fair value Unrealized losses Government and corporate debentures - fixed interest rate ........ $267,326 $(2,225) $27,490 $ (69) $294,816 $(2,294) Government-sponsored enterprises ....... 131,540 (151) — — 131,540 (151) Government and corporate debentures - floating interest rate ...... 66,426 (1,634) 14,741 (144) 81,167 (1,778) $465,292 $(4,010) $42,231 $(213) $507,523 $(4,223) (*) The balance in 2010 was comprised of four auction rate securities, which have suffered from failed auctions since September 2007. During 2011 two of these securities were sold. As a result of the auction failures these auction rate securities do not have a readily determinable market value. As such, since 2008, the Company determines the fair values of these securities with the assistance of thirdparty valuating specialists (see Note 5). As of December 31, 2010 and 2011, interest receivable amounted to $ 15,324 and $ 16,352, respectively, and is included within other current assets in the balance sheets. During 2011 the Company did not recognize any other-than-temporary loss and recognized a gain of $ 2,017 on sale of auction rate securities that were impaired in 2010. The other-than-temporary loss recognized in earnings during 2010 was $ 785 relating to auction rate securities. The Company recognized in 2009 other-than-temporary impairment in a total amount of $ 3,134 related to its auction rate securities loss and a gain of $ 1,857 on sale of marketable securities that were impaired in 2008. F-27
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