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Investments (Tables)
6 Months Ended
Jun. 30, 2015
Investments Debt And Equity Securities [Abstract]  
Summary of Investments

We did not hold investments as of December 31, 2014 and our investments as of June 30, 2015 were as follows (in thousands):

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value/Net Carrying Value

 

 

Cash and Cash Equivalents

 

 

Investments

 

Money market funds

$

4,485

 

 

$

-

 

 

$

-

 

 

$

4,485

 

 

$

4,485

 

 

$

-

 

Commercial paper

 

32,481

 

 

 

-

 

 

 

-

 

 

 

32,481

 

 

 

5,999

 

 

 

26,482

 

Corporate debt securities

 

35,870

 

 

 

3

 

 

 

(28

)

 

 

35,845

 

 

 

1,457

 

 

 

34,387

 

Municipal bonds

 

8,748

 

 

 

5

 

 

 

-

 

 

 

8,753

 

 

 

4,971

 

 

 

3,783

 

 

 

81,584

 

 

 

8

 

 

 

(28

)

 

 

81,564

 

 

 

16,912

 

 

 

64,652

 

 

Components of Interest Expense Incurred on Notes and on Other Borrowings

The following table presents the components of interest expense incurred on the Notes and on other borrowings (in thousands):  

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2015

 

 

June 30, 2015

 

2.50% Convertible Notes:

 

 

 

 

 

 

 

   Interest expense at 2.50% coupon rate

$

725

 

 

$

725

 

   Amortization of debt discount

 

921

 

 

 

921

 

   Amortization of deferred debt issuance costs

 

97

 

 

 

97

 

      Total interest from 2.50% convertible notes

 

1,743

 

 

 

1,743

 

Other Borrowings:

 

 

 

 

 

 

 

   Interest from other borrowings

 

25

 

 

 

459

 

      Total interest

$

1,768

 

 

$

2,202

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2014

 

 

June 30, 2014

 

Other Borrowings:

 

 

 

 

 

 

 

Interest from other borrowings

$

84

 

 

$

195

 

       Total interest

$

84

 

 

$

195