Investments

Investments consisted of the following:



	As of December 31,
(in thousands)	2016		2015

Investments held at cost	$	10,774	$	10,652
Equity method investments	3,447		3,204
Total investments	$	14,221	$	13,856

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, 2016 and 2015. There can be no assurance we would realize the carrying values of these securities upon their sale.