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Table of Contents
72
Note 3. Cash and Cash Equivalents, Investments and Restricted Cash
The following table shows our cash and cash equivalents, restricted cash and investments’ adjusted cost, unrealized gain
(loss) and fair value as of December 31, 2015 and December 31, 2014 (in thousands):
December 31, 2015 December 31, 2014
Cost
Net
Unrealized
Gain/(Loss) Fair Value Cost
Net
Unrealized
Gain/(Loss) Fair Value
Cash and cash equivalents:
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 52,905 $ — $ 52,905 $ 49,836 $ — $ 49,836
Money market funds . . . . . . . . . . . . . . . . . . 6,672 — 6,672 5,828 — 5,828
Commercial paper . . . . . . . . . . . . . . . . . . . . 5,453 — 5,453 453 — 453
Corporate securities. . . . . . . . . . . . . . . . . . . 600 (1) 599 — — —
Agency bond . . . . . . . . . . . . . . . . . . . . . . . . 1,400 — 1,400 — — —
Total cash and cash equivalents . . . . . . . . . . . . $ 67,030 $ (1) $ 67,029 $ 56,117 $ — $ 56,117
Short-term investments:
Commercial paper . . . . . . . . . . . . . . . . . . . . $ 3,746 $ — $ 3,746 $ 13,435 $ — $ 13,435
Corporate securities. . . . . . . . . . . . . . . . . . . 10,572 (12) 10,560 18,426 (15) 18,411
Certificate of deposit . . . . . . . . . . . . . . . . . . — — — 1,499 1 1,500
Agency bonds . . . . . . . . . . . . . . . . . . . . . . . 3,494 — 3,494 — — —
Total short-term investments . . . . . . . . . . . . . . $ 17,812 $ (12) $ 17,800 $ 33,360 $ (14) $ 33,346
Long-term investments:
Corporate securities. . . . . . . . . . . . . . . . . . . $ 3,241 $ (10) $ 3,231 $ 1,453 $ (2) $ 1,451
Agency bond . . . . . . . . . . . . . . . . . . . . . . . . 1,001 (3) 998 — — —
Long-term corporate securities. . . . . . . . . . . . . $ 4,242 $ (13) $ 4,229 $ 1,453 $ (2) $ 1,451
Short-term restricted cash. . . . . . . . . . . . . . . . . $ 300 $ — $ 300 $ 300 $ — $ 300
Long-term restricted cash. . . . . . . . . . . . . . . . . 478 — 478 1,480 — 1,480
Total restricted cash . . . . . . . . . . . . . . . . . . . . . $ 778 $ — $ 778 $ 1,780 $ — $ 1,780
The amortized cost and fair value of available-for-sale investments as of December 31, 2015 by contractual maturity
were as follows (in thousands):
Cost Fair Value
Due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,265 $ 25,252
Due in 1-2 years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,242 4,229
Investments not due at a single maturity date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,672 6,672
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 36,179 $ 36,153
Investments not due at a single maturity date in the preceding table consist of money market fund deposits and
commercial paper.