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Short-Term Investments
6 Months Ended
Jun. 30, 2014
Investments Debt And Equity Securities [Abstract]  
Short-Term Investments

8. Short-Term Investments

Short-term investments consist of U.S. government agency and government sponsored enterprise obligations. The Company accounts for these short-term investments as required by FASB ASC Topic No. 320, Investments-Debt and Equity Securities. These debt and equity securities are not classified as either held-to-maturity securities or trading securities. As such, they are classified as available-for-sale securities. Available-for-sale securities are recorded at fair value, with unrealized gains or losses recorded as a separate component of accumulated other comprehensive income in stockholders’ equity until realized. Available-for-sale securities with contractual maturities of less than 12 months were as follows (in thousands):

 

     June 30, 2014      December 31, 2013  
     Amortized      Gross unrealized             Amortized      Gross unrealized        
     cost basis      gain(loss)      Fair value      cost basis      gain(loss)     Fair value  

Corporate notes, bonds and paper

   $ 500       $ —         $ 500       $ 919       $ (1   $ 918   

Government securities/money market

     720         —           720         2,160         —          2,160   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 1,220       $ —         $ 1,220       $ 3,079       $ (1   $ 3,078   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Realized gains were zero for both three and six months ended June 30, 2014 and 2013.