Short-Term Investments

6 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Short-Term Investments

9. 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):

	Amortized cost basis		June 30, 2016 Gross unrealized gain(loss)		Fair value		Amortized cost basis		December 31, 2015 Gross unrealized gain(loss)			Fair value
Government securities/money market		720		—		720		4,080		(2	)		4,078
Total	$	720	$	—	$	720	$	4,080	$	(2	)	$	4,078

There were no realized gains or losses for the six months ended June 30, 2016 and 2015.