TripAdvisor 2013 Annual Report Download - page 101
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Unrecognized Stock-Based Compensation
A summary of our remaining unrecognized compensation expense, net of estimated forfeitures, and the
weighted average remaining amortization period at December 31, 2013 related to our non-vested stock options
and RSU awards is presented below (in thousands, except per year information):
Stock
Options RSUs
Unrecognized compensation expense (net of forfeitures) . . . $93,696 $33,200
Weighted average period remaining (in years) ........... 3.27 3.10
NOTE 5: FINANCIAL INSTRUMENTS
Cash, Cash Equivalents and Marketable Securities
The following tables show our cash and available-for-sale securities’ amortized cost, gross unrealized gains,
gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or
short and long-term marketable securities as of December 31, 2013 and December 31, 2012 (in thousands):
December 31, 2013
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Cash and
Cash
Equivalents
Short-Term
Marketable
Securities
Long-Term
Marketable
Securities
Cash ......................... $195,226 $— $ — $195,226 $195,226 $ — $ —
Level 1:
Money market funds ........ 155,922 — — 155,922 155,922 — —
Level 2:
U.S. agency securities ....... 36,753 9 (18) 36,744 — 13,718 23,026
Certificates of deposit ....... 23,901 17 (4) 23,914 — 16,410 7,504
Commercial paper .......... 5,493 1 (1) 5,493 — 5,493 —
Corporate debt securities ..... 253,597 132 (322) 253,407 — 95,599 157,808
Subtotal .............. 319,744 159 (345) 319,558 — 131,220 188,338
Total ............. $670,892 $159 $(345) $670,706 $351,148 $131,220 $188,338
December 31, 2012
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Cash and
Cash
Equivalents
Short-Term
Marketable
Securities
Long-Term
Marketable
Securities
Cash ........................ $141,460 $— $ — $141,460 $141,460 $ — $ —
Level 1:
Money market funds ....... 215,052 — — 215,052 215,052 — —
Level 2:
U.S. agency securities ...... 13,634 4 (3) 13,635 — 7,635 6,000
Commercial paper ......... 48,710 15 (22) 48,703 9,999 38,704 —
Corporate debt securities .... 162,050 12 (180) 161,882 1,004 67,630 93,248
Municipal securities ....... 5,003 — (2) 5,001 — 5,001 —
Subtotal ............. 229,397 31 (207) 229,221 11,003 118,970 99,248
Total ........... $585,909 $ 31 $(207) $585,733 $367,515 $118,970 $99,248
Our cash and cash equivalents consist of cash on hand in global financial institutions, money market funds
and marketable securities, with maturities of 90 days or less at the date purchased. The remaining maturities of
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