Stamps.com 2010 Annual Report Download - page 74

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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 realized gains and losses for the period indicated (in thousands):
On at least a quarterly basis, we evaluate our available for sale securities, and record an “other-than-temporary
impairment” (“OTTI”) if we believe their fair value is less than historical cost and it is probable that we will not collect all
contractual cash flows. We did not record any OTTI during 2010 after evaluating a number of factors including, but not limited
to:
The following table summarizes our cash, cash equivalents, restricted cash and investments as of December 31, 2010 and
2009 (in thousands):
December 31,
2010
2009
Realized gain $
62
$
37
Realized loss
(97
)
(5
)
Net realized gain (loss)
$
(35
) $
32
• How much fair value has declined below amortized cost
• The financial condition of the issuers
• Significant rating agency changes on the issuers
•
Our intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value
December 31, 2010
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Cash and cash equivalents:
Cash
$
7,633
—
—
$
7,633
Money market
438
—
—
438
Cash and cash equivalents
8,071
—
—
8,071
Short-term investments:
Corporate notes and bonds
12,162
136
(7
)
12,291
Short-term investments
12,162
136
(7
)
12,291
Long-term investments:
Corporate bonds and asset backed
securities
13,634
309
(33
)
13,910
U.S. government and agency securities
1,009
18
—
1,027
Long-term investments
14,643
327
(33
)
14,937
Cash and equivalents, restricted cash and
investments
$
34,876
463
(40
) $
35,299
F-13