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Marketable Investments (Tables)
9 Months Ended
Sep. 30, 2016
Investments Debt And Equity Securities [Abstract]  
Summary of Company's Marketable Investments

The following table summarizes the Company’s marketable investments (in thousands):

 

 

 

As of  September 30, 2016

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Market

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Federal agency obligations

 

$

1,801

 

 

$

 

 

$

(1

)

 

$

1,800

 

Corporate obligations

 

 

61,350

 

 

 

20

 

 

 

(66

)

 

 

61,304

 

Total

 

$

63,151

 

 

$

20

 

 

$

(67

)

 

$

63,104

 

 

 

 

As of December 31, 2015

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Market

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Corporate obligations

 

$

47,939

 

 

$

 

 

$

(164

)

 

$

47,775

 

 

Summary of Maturity Periods of Marketable Securities

The following table summarizes the maturity periods of the marketable securities in the Company’s portfolio as of September 30, 2016 (in thousands).

 

 

 

FY 2016

 

 

FY 2017

 

 

FY 2018

 

 

Total

 

Federal agency obligations

 

$

 

 

$

 

 

$

1,800

 

 

$

1,800

 

Corporate obligations

 

 

3,000

 

 

 

37,220

 

 

 

21,084

 

 

 

61,304

 

Total

 

$

3,000

 

 

$

37,220

 

 

$

22,884

 

 

$

63,104

 

 

Summary of Gross Unrealized Losses and Market Value of Available-for-Sale Securities with Unrealized Losses

The following table shows the gross unrealized losses and market value of Forrester’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

 

 

 

As of  September 30, 2016

 

 

 

Less Than 12 Months

 

 

12 Months or Greater

 

 

 

Market

 

 

Unrealized

 

 

Market

 

 

Unrealized

 

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

Federal agency obligations

 

$

1,800

 

 

$

1

 

 

$

 

 

$

 

Corporate obligations

 

 

45,562

 

 

 

66

 

 

 

 

 

 

 

Total

 

$

47,362

 

 

$

67

 

 

$

 

 

$

 

 

 

 

As of December 31, 2015

 

 

 

Less Than 12 Months

 

 

12 Months or Greater

 

 

 

Market

 

 

Unrealized

 

 

Market

 

 

Unrealized

 

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

Corporate obligations

 

$

45,748

 

 

$

158

 

 

$

2,027

 

 

$

6

 

 

Summary of Company's Fair Value Hierarchy for its Financial Assets

The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments) measured at fair value on a recurring basis (in thousands):

 

 

 

As of  September 30, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds (1)

 

$

528

 

 

$

 

 

$

 

 

$

528

 

Federal agency obligations

 

 

 

 

 

1,800

 

 

 

 

 

 

1,800

 

Corporate obligations

 

 

 

 

 

61,304

 

 

 

 

 

 

61,304

 

Total

 

$

528

 

 

$

63,104

 

 

$

 

 

$

63,632

 

 

 

 

As of December 31, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market funds (1)

 

$

325

 

 

$

 

 

$

 

 

$

325

 

Corporate obligations

 

 

 

 

 

47,775

 

 

 

 

 

 

47,775

 

Total

 

$

325

 

 

$

47,775

 

 

$

 

 

$

48,100

 

 

(1)

Included in cash and cash equivalents.