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Investments (Tables)
3 Months Ended
Mar. 31, 2014
Investment in Marketable Securities [Abstract]  
Investments
 
At March 31, 2014
 
Cost
 
Gross
Unrealized
Losses
 
Gross
Unrealized
Gains
 
Estimated
Fair Value
Short-term investments
$
45,724

 
$
(96
)
 
$

 
$
45,628

Marketable equity securities
15,484

 
(724
)
 
886

 
15,646



 
At December 31, 2013
 
Cost
 
Gross
Unrealized
Losses
 
Gross
Unrealized
Gains
 
Estimated
Fair Value
Marketable equity securities
$
17,649

 
$
(3,300
)
 
$
172

 
$
14,521

Gross unrealized losses on investment securities
The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair values of those securities, aggregated by the length of time the individual securities have been in a continuous unrealized loss position, at March 31, 2014 (in thousands):
 
Less than twelve months
 
Twelve months or more
 
Total
 
Unrealized Losses
Fair Value
 
Unrealized Losses
Fair Value
 
Unrealized Losses
Fair Value
Short-term investments
$
(96
)
$
45,628

 
$

$

 
$
(96
)
$
45,628

Marketable equity securities
$

$

 
$
(724
)
$
1,320

 
$
(724
)
$
1,320