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TABLE OF CONTENTS
STAMPS.COM INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
4. Cash, Cash Equivalents and Investments – (continued)
The following table summarizes contractual maturities of our marketable fixed-income securities as of December 31, 2009
(in thousands):
December 31, 2008
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Cash and cash equivalents:
Cash
$
6,762
$ —
$
— $
6,762
Money market
45,814
— —
45,814
Cash and cash equivalents
52,576
— —
52,576
Restricted cash:
Corporate notes and bonds
554
— —
554
Restricted cash
554
— —
554
Short-term investments:
Corporate notes and bonds
14,285
62
(110
)
14,237
U.S. Government and agency securities
2,002
— (
4
)
1,998
Short-term investments
16,287
62
(114
)
16,235
Long-term investments:
Corporate bonds and asset backed
securities
6,154
3
(1,463
)
4,694
U.S. Government and agency securities
—
— — —
Long-term investments
6,154
3
(1,463
)
4,694
Cash and equivalents, restricted cash and
investments
$
75,571
65
(1,577
)
$
74,059
Total restricted cash of approximately $554,000 as of December 31, 2009 and 2008 is related to a letter of credit for our
facility, which we expect to be released in 2010 in connection with our amended lease agreement.
5. Fair Value Measurements
Financial assets measured at fair value on a recurring basis are classified in one of the three following categories, which are
described below:
Level 1 — Valuations based on unadjusted quoted prices for identical assets in an active market.
Level 2 — Valuations based on quoted prices in markets where trading occurs infrequently or whose values are based on
quoted prices of instruments with similar attributes in active markets.
Level 3 — Valuations based on inputs that are unobservable and involve management judgment and our own assumptions
Amortized
Cost
Estimated
Fair Value
Due within one year
$
2,775
$
2,778
Due after one year through five years
24,165
23,956
Due after five years through ten years —
—
Total
$
26,940
$
26,734