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INVESTMENTS:
12 Months Ended
Dec. 31, 2013
INVESTMENTS:  
INVESTMENTS:

NOTE 5 —INVESTMENTS:

 

Cash, cash equivalents and short-term investments:

 

At December 31, 2013 and 2012, the Company held short-term investments classified as available-for-sale securities as follows:

 

 

 

December 31, 2013

 

 

 

Amortized
Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Estimated
Fair Value

 

 

 

(in thousands)

 

Cash

 

$

43,164

 

$

 

$

 

$

43,164

 

Money market funds

 

20,000

 

 

 

20,000

 

Certificates of deposit

 

67,775

 

1

 

(7

)

67,769

 

U.S. Government and agency securities

 

69,859

 

22

 

(2

)

69,879

 

Commercial paper

 

33,602

 

9

 

(5

)

33,606

 

Corporate bonds

 

92,298

 

16

 

(40

)

92,274

 

Total investments

 

$

326,698

 

$

48

 

$

(54

)

$

326,692

 

Less amounts classified as cash and cash equivalents

 

(63,164

)

 

 

(63,164

)

 

 

$

263,534

 

$

48

 

$

(54

)

$

263,528

 

 

 

 

December 31, 2012

 

 

 

Amortized
Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Estimated
Fair Value

 

 

 

(in thousands)

 

Cash

 

$

110,148

 

$

 

$

 

$

110,148

 

Certificates of deposit

 

90,437

 

1

 

(7

)

90,431

 

U.S. Government and agency securities

 

115,179

 

9

 

(59

)

115,129

 

Commercial paper

 

34,977

 

 

(30

)

34,947

 

Corporate bonds

 

61,543

 

3

 

(84

)

61,462

 

Foreign government bonds

 

7,511

 

19

 

 

7,530

 

Total investments

 

$

419,795

 

$

32

 

$

(180

)

$

419,647

 

Less amounts classified as cash and cash equivalents

 

(117,054

)

 

 

(117,054

)

 

 

$

302,741

 

$

32

 

$

(180

)

$

302,593

 

 

Realized gains upon the sale of marketable securities were $1.2 million and $0.9 million for the years ended December 31, 2013 and December 31, 2012, respectively. At December 31, 2013, investments with gross unrealized losses were not deemed to be other-than-temporarily impaired and the unrealized losses were recorded in OCI.

 

The contractual maturities of short-term investments at December 31, 2013 and December 31, 2012 were as follows:

 

 

 

December 31, 2013

 

December 31, 2012

 

 

 

Amortized
Cost

 

Estimated Fair
Value

 

Amortized
Cost

 

Estimated Fair
Value

 

 

 

(in thousands)

Due in less than one year

 

$

190,172

 

$

190,189

 

$

172,941

 

$

172,880

 

Due in one to three years

 

73,362

 

73,339

 

129,800

 

129,713

 

 

 

$

263,534

 

$

263,528

 

$

302,741

 

$

302,593

 

 

Previously reported amounts have been revised to correct for an error in the classification of debt securities due in less than one year and debt securities due in one to three years.

 

Investments in privately-held companies:

 

As of December 31, 2013, the Company held a total of $7.5 million investments in two privately-held companies and as of December 31, 2012, the Company held a $4.4 million investment in a privately-held company.