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Long-Term Investments (Tables)
12 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Summary of Available-for-Sale Securities

The following is a summary of available-for-sale securities (in thousands):

 

December 31, 2016

   Cost      Gross
Unrealized
Gains
     Gross
Unrealized
Losses
     Estimated Fair
Value
 

Failed Auction Security

   $ 3,000      $      $ 492      $ 2,508  
  

 

 

    

 

 

    

 

 

    

 

 

 

December 31, 2015

   Cost      Gross
Unrealized
Gains
     Gross
Unrealized
Losses
     Estimated Fair
Value
 

Failed Auction Security

   $ 3,000      $      $ 474      $ 2,526  

Brokered certificates of deposit

     340                      340  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 3,340      $      $ 474      $ 2,866  
  

 

 

    

 

 

    

 

 

    

 

 

 

Amortized Cost and Estimated Fair Value of Available-for-Sale Securities by Contractual Maturities

The amortized cost and estimated fair value of available-for-sale securities on December 31, 2016, by contractual maturities, are shown below (in thousands):

 

     Cost      Estimated Fair
Value
 

Due in twenty to forty years

   $ 3,000      $ 2,508  
  

 

 

    

 

 

 

Rollforward of Credit (Gain) Loss Recognized in Earnings on Available-for-Sale Auction Rate Securities

The following table represents a rollforward of the activity related to the credit loss recognized in earnings on available-for-sale auction rate securities held by the Company for the years ended December 31 (in thousands):

 

     2016      2015      2014  

Balance at the beginning of the period

   $ 72      $ 84      $ 395  

Reductions in the amount related to credit gain for which other-than-temporary impairment was not previously recognized

     (13      (12      (39

Reductions for securities sold during the period

                   (272
  

 

 

    

 

 

    

 

 

 

Balance at the end of the period

   $ 59      $ 72      $ 84