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Short-term Investments (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Short-Term Investments Available-for-Sale Securities

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

 

Type of security as of December 31, 2014

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

U.S. government-related debt securities

   $ 4,502      $   —        $ (4 )    $ 4,498  

Corporate debt securities

     47,345        2        (40      47,307  

Asset-backed securities

     3,198               (1      3,197  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total available-for-sale securities

$ 55,045   $ 2   $ (45 $ 55,002  
  

 

 

    

 

 

    

 

 

    

 

 

 

Type of security as of December 31, 2013

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

U.S. government-related debt securities

   $ 1,565      $ 1      $   —        $ 1,566  

Corporate debt securities

     31,128        24        (3      31,149  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total available-for-sale securities

$ 32,693   $ 25   $ (3 $ 32,715  
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Values of Available-for-Sale Securities by Contractual Maturity

The fair values of available-for-sale securities by contractual maturity at December 31 were as follows:

 

     2014      2013  
     (In thousands)  

Maturing in one year or less

   $ 51,235       $ 26,725   

Maturing in one to three years

     3,767         5,990   
  

 

 

    

 

 

 

Total available-for-sale securities

$   55,002    $   32,715   
  

 

 

    

 

 

 
Summary of Investments in Continuous Unrealized Loss Position for Less Than 12 Months

The following table summarizes investments that have been in a continuous unrealized loss position for less than 12 months and none have been in a continuous unrealized loss position for more than 12 months as of December 31, 2014:

 

     Less Than 12 Months  
     Fair
value
     Gross
unrealized
losses
 
     (In thousands)  

U.S. government-related debt securities

   $ 2,996       $ (4

Corporate debt securities

     30,372         (40

Asset-backed securities

     2,259         (1
  

 

 

    

 

 

 

Total

$ 35,627    $ (45