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Cash, Cash Equivalents and Investments (Tables)
12 Months Ended
Dec. 31, 2014
Cash and Cash Equivalents [Abstract]  
Summary of Cash, Cash Equivalents and Held-to-Maturity Investments by Type
The following tables summarize the Company's cash, cash equivalents, and held-to-maturity investments at December 31 (in thousands):
 
As of December 31, 2014
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Cash and Cash Equivalents
 
Short-Term Investments
 
Long-Term Investments
Cash
$
44,260

 
$

 
$

 
$
44,260

 
$
44,260

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1:
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds
3,932

 

 

 
3,932

 
3,932

 

 

Corporate bonds
20,388

 

 
(34
)
 
20,354

 

 
15,656

 
4,732

Subtotal
24,320

 

 
(34
)
 
24,286

 
3,932

 
15,656

 
4,732

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
 
State and municipal obligations
19,145

 
18

 

 
19,163

 
175

 
15,891

 
3,079

Certificates of deposit
2,712

 

 

 
2,712

 

 
1,227

 
1,485

Subtotal
21,857

 
18

 

 
21,875

 
175

 
17,118

 
4,564

Total
$
90,437

 
$
18

 
$
(34
)
 
$
90,421

 
$
48,367

 
$
32,774

 
$
9,296


 
As of December 31, 2013
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Cash and Cash Equivalents
 
Short-Term Investments
 
Long-Term Investments
Cash
$
37,196

 
$

 
$

 
$
37,196

 
$
37,196

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1:
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds
5,030

 

 

 
5,030

 
5,030

 

 

Corporate bonds
7,743

 
3

 
(14
)
 
7,732

 

 
1,102

 
6,641

Subtotal
12,773

 
3

 
(14
)
 
12,762

 
5,030

 
1,102

 
6,641

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
 
State and municipal obligations
10,807

 
14

 

 
10,821

 
45

 
5,626

 
5,136

Certificates of deposit
2,619

 

 

 
2,619

 

 
2,373

 
246

Subtotal
13,426

 
14

 

 
13,440

 
45

 
7,999

 
5,382

Total
$
63,395

 
$
17

 
$
(14
)
 
$
63,398

 
$
42,271

 
$
9,101

 
$
12,023

Summary of Amortized Cost and Fair Value of Short-term and Long-term Investments
The following table summarizes the amortized cost and fair value of the short-term and long-term investments held by the Company at December 31, 2014 by contractual maturity (in thousands):
 
Amortized Cost
 
Fair Value
Due in less than one year
$
32,774

 
$
33,773

Due after one year, through two years
9,048

 
9,032

Due after two years
248

 
248

Total short-term and long-term investments
$
42,070

 
$
43,053