Investments (Tables)

6 Months Ended

Jun. 30, 2017

Investments

ARRIS’s investments consisted of the following (in thousands):    

	As of June 30, 2017		As of December 31, 2016
Current Assets:
Available-for-sale securities	$	38,759	$	115,553
Noncurrent Assets:
Available-for-sale securities		5,304		15,391
Equity method investments		22,216		22,688
Cost method investments		4,092		6,841
Other investments		29,435		28,012
Total classified as non-current assets		61,047		72,932
Total	$	99,806	$	188,485

Amortized Costs and Fair Value of Available-for-sale Securities

The amortized costs and fair value of available-for-sale securities were as follows (in thousands):

	June 30, 2017									December 31, 2016
	Amortized Costs		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Costs		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Certificates of deposit (foreign)	$	12,644	$	—	$	—		$	12,644	$	87,372	$	—	$	—		$	87,372
Corporate bonds		26,096		21		(5	)		26,112		34,175		35		(77	)		34,133
Short-term bond fund		—		—		—			—		5,046		69		(69	)		5,046
Corporate obligations		4		—		—			4		3		—		—			3
Money markets		54		—		—			54		54		—		—			54
Mutual funds		108		3		—			111		94		28		(21	)		101
Other investments		4,993		145		—			5,138		4,192		530		(487	)		4,235
Total	$	43,899	$	169	$	(5	)	$	44,063	$	130,936	$	662	$	(654	)	$	130,944

Unrealized Losses on Available-For-Sale Securities and Fair Value

The following table represents the breakdown of the available-for-sale investments with gross unrealized losses and the duration that those losses had been unrealized (in thousands):

	June 30, 2017
	Less than 12 months					12 months or more				Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Certificates of deposit (foreign)	$	12,644	$	—		$	—	$	—	$	12,644	$	—
Corporate bonds		26,112		(5	)		—		—		26,112		(5	)
Short-term bond fund		—		—			—		—		—		—
Corporate obligations		4		—			—		—		4		—
Money markets		54		—			—		—		54		—
Mutual funds		111		—			—		—		111		—
Other investments		5,138		—			—		—		5,138		—
Total	$	44,063	$	(5	)	$	—	$	—	$	44,063	$	(5	)
	December 31, 2016
	Less than 12 months					12 months or more				Total
	Fair value		Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Certificates of deposit (foreign)	$	87,372	$	—		$	—	$	—	$	87,372	$	—
Corporate bonds		34,133		(77	)		—		—		34,133		(77	)
Short-term bond fund		5,046		(69	)		—		—		5,046		(69	)
Corporate obligations		3		—			—		—		3		—
Money markets		54		—			—		—		54		—
Mutual funds		101		(21	)		—		—		101		(21	)
Other investments		4,235		(487	)		—		—		4,235		(487	)
Total	$	130,944	$	(654	)	$	—	$	—	$	130,944	$	(654	)

Sale and/or Maturity of Available-for-Sale Securities

The sale and/or maturity of available-for-sale securities resulted in the following activity (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Proceeds from sales	$	58,416	$	348	$	150,301	$	2,442
Gross gains		2		—		12		26
Gross losses		—		—		—		—

Contractual Maturities of Available-for-Sale Securities

The contractual maturities of the Company’s available-for-sale securities are shown below. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties (in thousands):

	June 30, 2017
	Amortized Cost		Fair Value
Within 1 year	$	38,744	$	38,759
After 1 year through 5 years		—		—
After 5 year through 10 years		—		—
After 10 years		5,155		5,304
Total	$	43,899	$	44,063