Investments

12 Months Ended

Dec. 31, 2015

Investments, All Other Investments [Abstract]

Investments

NOTE 4. INVESTMENTS

The following tables summarize the Company’s available-for-sale investments at December 31, 2015 and 2014 (in thousands):

AVAILABLE-FOR-SALE INVESTMENTS
December 31, 2015
(in thousands)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset-backed securities	$	2,510	$	—	$	(3	)	$	2,507
Corporate notes and bonds	9,341		1		(10		)	9,332
Total	$	11,851	$	1	$	(13	)	$	11,839

AVAILABLE-FOR-SALE INVESTMENTS
December 31, 2014
(in thousands)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset-backed securities	$	141	$	—	$	—		$	141
Corporate notes and bonds	12,967		10		(3		)	12,974
Total	$	13,108	$	10	$	(3	)	$	13,115

 The following table summarizes the maturities of the Company’s available-for-sale securities at December 31, 2015 and 2014 (in thousands):

AVAILABLE-FOR-SALE INVESTMENT MATURITIES (in thousands)
	At December 31, 2015				At December 31, 2014
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in less than 1 year	$	11,851	$	11,839	$	10,586	$	10,585
Due in 1-3 years	—		—		2,522		2,530
Total	$	11,851	$	11,839	$	13,108	$	13,115

 For the years ended December 31, 2015 and 2014, $141,000 and $861,000 in proceeds from sales of marketable securities (including principle paydowns) were collected, respectively. The Company determines gains and losses of marketable securities based on specific identification of the securities sold. There were no gross realized gains and losses from sales of marketable securities for the years ended December 31, 2014 and 2015.

No other-than-temporary impairments are recorded as no investments had a fair value that remained less than its cost for more than twelve months as of December 31, 2015 and 2014. The Company does not intend to sell investments and it is more likely than not that we will not be required to sell investments before recovering the amortized cost.