Shake Shack 2016 Annual Report Download - page 85

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Table of Contents
All investments that were in an unrealized loss position as of December 30, 2015 have been in a continuous loss position for less than 12 months. There were no
investments in marketable securities as of December 31, 2014 . Interest income related to our available-for-sale securities of $7 was included in interest expense,
net on the Consolidated Statement of Income (Loss) for fiscal 2015 . There were no realized gains or losses on available-for-sale securities for fiscal 2015 . Net
unrealized losses on available-for-sale securities totaling $11 for fiscal 2015 were included in other comprehensive loss on the Consolidated Statement of
Comprehensive Income.
The following table summarizes the estimated fair value of our investments in marketable debt securities, accounted for as available-for-sale securities and
classified by the contractual maturity date of the securities:
December 30
2015
Due within one year $ 275
Due after one year through 5 years 2,111
Due after 5 years through 10 years —
Due after 10 years —
Total $ 2,386
We periodically review our marketable debt securities for other-than-temporary impairment. We consider factors such as the duration, severity and the reason for
the decline in value, the potential recovery period and our intent to sell. We also consider whether (i) it is more likely than not that we will be required to sell the
debt securities before recovery of their amortized cost basis, and (ii) the amortized cost basis cannot be recovered as a result of credit losses. As of December 30,
2015 , the declines in the market value of our marketable securities investment portfolio are considered to be temporary in nature.
Other Financial Instruments
The carrying value of our financial instruments, including accounts receivable, accounts payable, and accrued expenses as of December 30, 2015 and
December 31, 2014 approximated their fair value due to the short-term nature of these financial instruments.
Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Assets and liabilities that are measured at fair value on a non-recurring basis include our long-lived assets and indefinite-lived intangible assets. There were no
impairments recognized during 2015 , 2014 and 2013 .
83 | Shake Shack Inc. Form 10-K