Cash, Cash Equivalents and Investments

3 Months Ended

Feb. 29, 2020

A summary of our cash, cash equivalents and available-for-sale investments at February 29, 2020 is as follows (in thousands):



	Amortized Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash	$	147,494	$	—	$	—	$	147,494
Money market funds	13,600		—		—		13,600
State and municipal bond obligations	3,557		6		—		3,563
U.S. treasury bonds	5,757		48		—		5,805
Corporate bonds	6,549		44		—		6,593
Total	$	176,957	$	98	$	—	$	177,055

A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2019 is as follows (in thousands):



	Amortized Cost Basis		Unrealized Gains		Unrealized Losses		Fair Value
Cash	$	144,346	$	—	$	—	$	144,346
Money market funds	9,913		—		—		9,913
State and municipal bond obligations	7,036		1		—		7,037
U.S. treasury bonds	7,221		10		—		7,231
Corporate bonds	5,146		12		—		5,158
Total	$	173,662	$	23	$	—	$	173,685

Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands):



	February 29, 2020				November 30, 2019
	Cash and Equivalents		Short-Term Investments		Cash and Equivalents		Short-Term Investments
Cash	$	147,494	$	—	$	144,346	$	—
Money market funds	13,600		—		9,913		—
State and municipal bond obligations	—		3,563		—		7,037
U.S. treasury bonds	—		5,805		—		7,231
Corporate bonds	—		6,593		—		5,158
Total	$	161,094	$	15,961	$	154,259	$	19,426

The fair value of debt securities by contractual maturity is as follows (in thousands):


(1)	Includes state and municipal bond obligations and corporate bonds, which are securities representing investments available for current operations and are classified as current on the condensed consolidated balance sheets.

We did not hold any investments with continuous unrealized losses as of February 29, 2020 or November 30, 2019.