Cash, Cash Equivalents and Short-Term Investments (Tables)
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3 Months Ended |
Mar. 31, 2016 |
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| Cash, Cash Equivalents and Short-Term Investments |
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| Schedule of cash, cash equivalents and short-term investments |
Cash, cash equivalents and short-term investments consisted of the following (in thousands):
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March 31,
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December 31,
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2016
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2015
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Cash
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$
|
338
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$
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2,118
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Money market funds
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4,883
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26,291
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U. S. treasury bills
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9,062
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9,048
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Government-sponsored enterprise securities
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29,236
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48,613
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Corporate bonds and commercial paper
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60,113
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40,206
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$
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103,632
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$
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126,276
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Reported as:
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Cash and cash equivalents
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$
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14,269
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$
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43,456
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Short-term investments
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89,363
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82,820
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$
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103,632
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$
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126,276
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| Schedule of cash equivalents and short-term investments including the securities with unrealized gains and losses |
Cash equivalents and short-term investments include the following securities with gross unrealized gains and losses (in thousands):
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Gross
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Gross
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Amortized
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Unrealized
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Unrealized
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March 31, 2016
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Cost
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Gains
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Losses
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Fair Value
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U. S. treasury bills
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$
|
9,057
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$
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5
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|
$
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—
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$
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9,062
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Government-sponsored enterprise securities
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29,231
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9
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(4)
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29,236
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Corporate bonds and commercial paper
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60,074
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40
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(1)
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60,113
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Total
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$
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98,362
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$
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54
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$
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(5)
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$
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98,411
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Gross
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Gross
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Amortized
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Unrealized
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Unrealized
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December 31, 2015
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Cost
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Gains
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Losses
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Fair Value
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U. S. treasury bills
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$
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9,061
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$
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—
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$
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(13)
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$
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9,048
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Government-sponsored enterprise securities
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48,643
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1
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(31)
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48,613
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Corporate bonds and commercial paper
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40,207
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11
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(12)
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40,206
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Total
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$
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97,911
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$
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12
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$
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(56)
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$
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97,867
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| Schedule of contractual maturities of cash equivalents and short-term investments |
As of March 31, 2016, the contractual maturities of our cash equivalents and short-term investments were (in thousands):
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Years to Maturity
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After One Year
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Within
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Through
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One Year
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Two Years
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U. S. treasury bills
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|
$
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9,062
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$
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—
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Government-sponsored enterprise securities
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27,737
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1,499
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Corporate bonds and commercial paper
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59,111
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1,002
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$
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95,910
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$
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2,501
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| Schedule of fair value and gross unrealized losses of the entity's investments in unrealized loss position |
The following table shows the fair value and gross unrealized losses of our investments in individual securities that are in an unrealized loss position, aggregated by investment category (in thousands):
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March 31, 2016
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Fair Value
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Unrealized Losses
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Government-sponsored enterprise securities
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$
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15,146
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$
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(4)
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Corporate bonds and commercial paper
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9,257
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(1)
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Total
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$
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24,403
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$
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(5)
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