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Investments in debt and equity securities (Tables)
3 Months Ended
Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]  
Investments
The Company’s investments in these securities and certain other financial instruments consist of the following:
 
March 31, 2017
 
December 31, 2016
 
Held to
maturity
 
Available
for sale
 
Total
 
Held to
maturity
 
Available
for sale
 
Total
Certificates of deposit, commercial paper and
money market funds due within one year
$
312,065

 
$

 
$
312,065

 
$
256,827

 
$

 
$
256,827

Investments in mutual funds and common stock

 
48,124

 
48,124

 
50,000

 
47,404

 
97,404

Cash surrender value of life insurance policies

 
61,444

 
61,444

 

 
59,646

 
59,646

 
$
312,065

 
$
109,568

 
$
421,633

 
$
306,827

 
$
107,050

 
$
413,877

Short-term investments
$
312,065

 
$
1,200

 
$
313,265

 
$
306,827

 
$
3,371

 
$
310,198

Long-term investments

 
108,368

 
108,368

 

 
103,679

 
103,679

 
$
312,065

 
$
109,568

 
$
421,633

 
$
306,827

 
$
107,050

 
$
413,877