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Table of Contents
For the Year Ended December 31, 2014
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
Cash $ 9,572 $ — $ — $ 9,572
Money market fund 9,859 — — 9,859
Certificates of deposit 3,600 — (5) 3,595
Commercial paper 2,996 — — 2,996
Corporate notes and bonds 45,819 — (48) 45,771
U.S. government agency securities 2,000 — — 2,000
$ 73,846 $ — $ (53) $ 73,793
Classified as:
Cash and cash equivalents $ 23,354 $ — $ — $ 23,354
Short-term investments 50,492 — (53) 50,439
$ 73,846 $ — $ (53) $ 73,793
For the Year Ended December 31, 2013
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
Cash $ 15,660 $ — $ — $ 15,660
Money market fund 11,771 — — 11,771
Certificates of deposit 4,258 — (2) 4,256
Commercial paper 7,298 — — 7,298
Corporate notes and bonds 33,386 8 (22) 33,372
$ 72,373 $ 8 $ (24) $ 72,357
Classified as:
Cash and cash equivalents $ 28,390 $ — $ — $ 28,390
Short-term investments 43,983 8 (24) 43,967
$ 72,373 $ 8 $ (24) $ 72,357
The following table summarizes the estimated fair value of our available-for-sale securities classified by the stated maturity date of the security (in thousands):
December 31,
2014 2013
Due within one year $ 41,448 $ 34,916
Due within two years 8,990 9,051
$ 50,438 $ 43,967
We determined that the gross unrealized losses on our available-for-sale investments as of December 31, 2014 are temporary in nature. The fair value of our available-for-sale securities at December 31, 2014
and 2013 reflects a net unrealized loss of $53,000 and $16,000, respectively. There were no net realized gains (losses) on available-for-sale securities in the years ended December 31, 2014 and 2013. The cost of
securities sold is based on the specific identification method.
The following table sets forth the unrealized losses for the Company’s available-for-sale investments as of December 31, 2014 and 2013 (in thousands):
As of December 31, 2014
In Loss Position
Less Than 12 Months
In Loss Position
More Than 12 Months Total In Loss Position
Description Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses
Certificate of deposits $ 1,679 $ (1) $ 1,196 $ (4) $ 2,875 $ (5)
Corporate notes and bonds 35,364 (29) 7,794 (19) 43,158 (48)
Total $ 37,043 $ (30) $ 8,990 $ (23) $ 46,033 $ (53)
As of December 31, 2013
In Loss Position
Less Than 12 Months
In Loss Position
More Than 12 Months Total In Loss Position
Description Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses
Certificate of deposits $ 3,776 $ (2) $ — $ — $ 3,776 $ (2)
Corporate notes and bonds 14,047 (10) 8,542 (12) 22,589 (22)
Total $ 17,823 $ (12) $ 8,542 $ (12) $ 26,365 $ (24)
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