RESTRICTED INVESTMENTS AND BOND COLLATERAL

The Company’s restricted investments and bond collateral consist of the following:



	March 31, 2015		December 31, 2014
	(In thousands)
Coal - U.S. Segment:
Reclamation bond collateral:
Kemmerer Mine	$	25,692	$	25,282
Absaloka Mine	11,799		11,781
Rosebud Mine	3,145		3,145
Beulah Mine	1,270		1,270
Buckingham acquisition escrow	—		34,000
Coal - Canada Segment:
PMRU	18,209		18,199
CVRI	31,869		31,866
Coal - WMLP Segment:
WMLP	9,547		10,634
Power Segment:
Power contract collateral	12,600		12,600
Corporate Segment:
Postretirement medical benefit bonds	8,834		8,780
Workers’ compensation bonds	6,848		6,832
Total restricted investments and bond collateral	$	129,813	$	164,389

For all of its restricted investments and bond collateral accounts, the Company can select from limited fixed-income investment options for the funds and receive the investment returns on these investments. Funds in the restricted investments and bond collateral accounts are not available to meet the Company’s general cash needs.

These accounts include available-for-sale securities. Available-for-sale securities are reported at fair value with unrealized gains and losses excluded from earnings and reported in Accumulated other comprehensive loss.

The Company’s carrying value and estimated fair value of its restricted investments and bond collateral at March 31, 2015 were as follows:



	Carrying Value		Fair Value		Fair Value Hierarchy
	(In thousands)
Cash and cash equivalents	$	92,771	$	92,771	Level 1
Time deposits	2,451		2,451		Level 1
Available-for-sale	34,591		34,591		Level 1
	$	129,813	$	129,813

Available-for-Sale Restricted Investments and Bond Collateral

The cost basis, gross unrealized holding gains and losses, and fair value of available-for-sale securities at March 31, 2015 were as follows (in thousands):



Cost basis	$	34,212
Gross unrealized holding gains	901
Gross unrealized holding losses	(522		)
Fair value	$	34,591

Maturities of available-for-sale securities were as follows at March 31, 2015:



	Cost Basis		Fair Value
	(In thousands)
Due within one year	$	391	$	378
Due in five years or less	12,262		12,424
Due after five years to ten years	12,953		12,993
Due in more than ten years	8,606		8,796
	$	34,212	$	34,591