Short-Term Investments

3 Months Ended

Mar. 31, 2016

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):

	March 31, 2016							December 31, 2015
	Amortized cost basis		Gross unrealized gain(loss)			Fair value		Amortized cost basis		Gross unrealized gain(loss)			Fair value
Government securities/money market		1,680		(1	)		1,679		4,080		(2	)		4,078
Total	$	1,680	$	(1	)	$	1,679	$	4,080	$	(2	)	$	4,078

There were no realized gains or losses for the three months ended March 31, 2016 and 2015.