Note 18 - Financial instruments

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Financial Instruments Disclosure [Text Block]

18. FINANCIAL INSTRUMENTS

Information on the Company’s financial instruments was as follows:

(In Thousands)

	December 31
	2018				2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets
Cash and cash equivalents	$	32,414	$	32,414	$	28,520	$	28,520
Restricted cash		34		34		35		35
Short-term investments		6,172		6,172		17,601		17,601
Long-term investments		10,445		10,445		3,112		3,112

The carrying amounts of cash and cash equivalents, restricted cash and short-term investments reported in the consolidated balance sheets approximate their estimated fair values.

Long-term investments in equity securities are reported at fair value for the year ended

December 31, 2018.

The Company utilizes the measurement alternative for equity investments in privately-held companies without readily determinable fair values and revalues these investments at cost less impairment, plus or minus observable price changes (in orderly transactions) of an identical or similar investment of the same issuer. Prior to the adoption of ASU

2016

-

01

in

2018,

these securities were accounted for using the cost method of accounting, and were measured at cost less other-than-temporary impairment.