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Investments (Tables)
12 Months Ended
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments in Fixed Income Securities

Our investments in fixed income securities as of December 31, 2015 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

2015

 

    

Amortized

    

    

 

    

    

 

    

Fair

(In thousands)

 

cost

 

Gains

 

Losses

 

Value

Corporate debt securities

 

$

28,549

 

$

1

 

$

(30)

 

$

28,520

Commercial paper

 

 

24,187

 

 

1

 

 

(1)

 

 

24,187

Securities and obligations of U.S. government agencies

 

 

12,431

 

 

 —

 

 

(5)

 

 

12,426

Total

 

$

65,167

 

$

2

 

$

(36)

 

$

65,133

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

2014

 

 

Amortized

    

    

 

    

    

 

    

Fair

(In thousands)

 

cost

 

Gains

 

Losses

 

Value

Corporate debt securities

 

$

19,756

 

$

3

 

$

(21)

 

$

19,738

Commercial paper

 

 

16,391

 

 

2

 

 

 —

 

 

16,393

Securities and obligations of U.S. government agencies

 

 

13,641

 

 

2

 

 

(7)

 

 

13,636

Total

 

$

49,788

 

$

7

 

$

(28)

 

$

49,767

 

Summary of the Balance Sheet Classification of Investments

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

(In thousands)

    

2015

    

2014

 

Cash equivalents

 

$

13,499

 

$

13,699

 

Short-term investments

 

 

49,574

 

 

13,869

 

Long-term investments

 

 

2,094

 

 

22,220

 

Total investments

 

$

65,167

 

$

49,788

 

 

Schedule of Held-to-Maturity Investments by Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

 

2015

 

2014

 

 

    

Gross

    

    

 

    

Gross

    

    

 

 

 

 

Amortized

 

Fair

 

Amortized

 

Fair

 

(In thousands)

 

Cost

 

Value

 

Cost

 

Value

 

Due in one year or less

 

$

63,073

 

$

63,040

 

$

27,568

 

$

27,565

 

Due after one year through five years

 

 

2,094

 

 

2,093

 

 

22,220

 

 

22,202

 

Total

 

$

65,167

 

$

65,133

 

$

49,788

 

$

49,767