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Short-term Investments
9 Months Ended
Sep. 30, 2013
Investments Debt And Equity Securities [Abstract]  
Short-term Investments
3. Short-term Investments

Short-term investments consisted of available-for-sale securities as follows:

 

Type of security as of September 30, 2013 (unaudited)

   Amortized cost      Gross
unrealized
gains
     Gross
unrealized
losses
    Fair value  
     (In thousands)  

U.S. government-related debt securities

   $ 1,581       $ 2       $      $ 1,583   

Corporate debt securities

     31,336         11         (8     31,339   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total available-for-sale securities

   $ 32,917       $ 13       $ (8   $ 32,922   
  

 

 

    

 

 

    

 

 

   

 

 

 

The Company did not have available-for-sale securities at December 31, 2012.

 

The fair values of available-for-sale securities by contractual maturity were as follows (in thousands):

 

Contractual maturity

   September 30, 2013  
    

(In thousands)

 
     (Unaudited)  

Maturing in one year or less

   $ 20,093   

Maturing after one year through three years

     12,829   
  

 

 

 

Total available-for-sale securities

   $ 32,922