Stamps.com 2014 Annual Report Download - page 79

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STAMPS.COM INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table summarizes contractual maturities of our marketable fixed-income securities as of December 31, 2014 (in thousands):
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 about market
participants and pricing.
F-22
Table of Contents
December 31, 2013
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Cash and cash equivalents:
Cash
$
46,792
—
—
$
46,792
Money market
19,882
—
—
19,882
Cash and cash equivalents
66,674
—
—
66,674
Short
-
term investments:
Corporate notes and bonds
6,479
45
—
6,524
Short-term investments
6,479
45
—
6,524
Long
-
term investments:
Corporate bonds and asset backed securities
13,917
106
(11
)
14,012
Long-term investments
13,917
106
(11
)
14,012
Cash and equivalents and investments
$
87,070
151
(11
)
$
87,210
Amortized
Cost
Estimated
Fair Value
Due within one year
$
6,458
$
6,482
Due after one year through five years
10,178
10,215
Due after five years through ten years
—
—
Total
$
16,636
$
16,697
6. Fair Value Measurements