Investments

Investments consisted of the following:



	As of December 31,
(in thousands)	2015		2014

Investments held at cost	$	10,652	$	5,433
Equity method investments	3,204		4,021
Total investments	$	13,856	$	9,454

Our investments do not trade in public markets, thus they do not have readily determinable fair values. We estimate the fair values of the investments to approximate their carrying values at December 31, 2015 and 2014. There can be no assurance we would realize the carrying values of these securities upon their sale.