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Note 10 - Cash, Cash Equivalents, Investments and Restricted Cash
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Cash, Cash Equivalents, Investments, and Restricted Cash Disclosure [Text Block]
10
. CASH, CASH EQUIVALENTS, INVESTMENTS AND RESTRICTED CASH
 
The following is a summary of the Company’s cash, cash equivalents and short-term and long-term investments (in thousands): 
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
Cash, cash equivalents and investments:
               
Cash
  $
125,687
    $
131,569
 
Money market funds
   
56,082
     
41,135
 
Corporate debt securities
   
143,453
     
170,909
 
U.S. treasuries and government agency bonds
   
32,202
     
32,068
 
Certificates of deposit
   
1,600
     
1,600
 
Auction-rate securities backed by student-loan notes
   
3,290
     
3,241
 
Total
  $
362,314
    $
380,522
 
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
Reported as:
               
Cash and cash equivalents
  $
181,769
    $
172,704
 
Short-term investments
   
177,255
     
204,577
 
Long-term investments
   
3,290
     
3,241
 
Total
  $
362,314
    $
380,522
 
 
The contractual maturities of the Company’s short-term and long-term available-for-sale investments are as follows (in thousands):
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
Due in less than 1 year
  $
119,617
    $
125,845
 
Due in 1 - 5 years
   
57,638
     
78,732
 
Due in greater than 5 years
   
3,290
     
3,241
 
Total
  $
180,545
    $
207,818
 
 
The following tables summarize the unrealized gain and loss positions related to the Company’s available-for sale investments (in thousands): 
 
   
March 31, 2019
 
   
Amortized Cost
   
Unrealized Gains
   
Unrealized Losses
   
Total Fair Value
   
Fair Value of Investments in Unrealized
Loss Position
 
Money market funds
  $
56,082
    $
-
    $
-
    $
56,082
    $
-
 
Corporate debt securities
   
144,041
     
44
     
(632
)    
143,453
     
123,828
 
U.S. treasuries and government agency bonds
   
32,257
     
10
     
(65
)    
32,202
     
22,879
 
Certificates of deposit
   
1,600
     
-
     
-
     
1,600
     
-
 
Auction-rate securities backed by student-loan notes
   
3,570
     
-
     
(280
)    
3,290
     
3,290
 
Total
  $
237,550
    $
54
    $
(977
)   $
236,627
    $
149,997
 
 
   
December 31, 2018
 
   
Amortized Cost
   
Unrealized Gains
   
Unrealized Losses
   
Total Fair Value
   
Fair Value of Investments in Unrealized
Loss Position
 
Money market funds
  $
41,135
    $
-
    $
-
    $
41,135
    $
-
 
Corporate debt securities
   
172,288
     
7
     
(1,386
)    
170,909
     
166,204
 
U.S. treasuries and government agency bonds
   
32,207
     
2
     
(141
)    
32,068
     
28,507
 
Certificates of deposit
   
1,600
     
-
     
-
     
1,600
     
-
 
Auction-rate securities backed by student-loan notes
   
3,570
     
-
     
(329
)    
3,241
     
3,241
 
Total
  $
250,800
    $
9
    $
(1,856
)   $
248,953
    $
197,952
 
 
Restricted Cash
 
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Condensed Consolidated Balance Sheets to the amounts reported in the Condensed Consolidated Statements of Cash Flows: 
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
Cash and cash equivalents
  $
181,769
    $
172,704
 
Restricted cash included in other long-term assets
   
113
     
114
 
Total cash, cash equivalents and restricted cash reported in the Condensed Consolidated Statements of Cash Flows
  $
181,882
    $
172,818
 
 
Restricted cash includes a security deposit that is set aside in a bank account and cannot be withdrawn by the Company under the terms of a lease agreement. The restriction will end and any unused amount will be returned to the Company upon the expiration of the lease.