Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Short-Term Investments (Tables)

v3.4.0.3
Cash, Cash Equivalents and Short-Term Investments (Tables)
3 Months Ended
Mar. 31, 2016
Cash, Cash Equivalents and Short-Term Investments  
Schedule of cash, cash equivalents and short-term investments

Cash, cash equivalents and short-term investments consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

 

2016

    

2015

 

Cash

 

$

338

 

$

2,118

 

Money market funds

 

 

4,883

 

 

26,291

 

U. S. treasury bills

 

 

9,062

 

 

9,048

 

Government-sponsored enterprise securities

 

 

29,236

 

 

48,613

 

Corporate bonds and commercial paper

 

 

60,113

 

 

40,206

 

 

 

$

103,632

 

$

126,276

 

Reported as:

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

14,269

 

$

43,456

 

Short-term investments

 

 

89,363

 

 

82,820

 

 

 

$

103,632

 

$

126,276

 

 

Schedule of cash equivalents and short-term investments including the securities with unrealized gains and losses

Cash equivalents and short-term investments include the following securities with gross unrealized gains and losses (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

 

March 31, 2016

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U. S. treasury bills

 

$

9,057

 

$

5

 

$

 —

 

$

9,062

 

Government-sponsored enterprise securities

 

 

29,231

 

 

9

 

 

(4)

 

 

29,236

 

Corporate bonds and commercial paper

 

 

60,074

 

 

40

 

 

(1)

 

 

60,113

 

Total

 

$

98,362

 

$

54

 

$

(5)

 

$

98,411

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

 

December 31, 2015

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U. S. treasury bills

 

$

9,061

 

$

 —

 

$

(13)

 

$

9,048

 

Government-sponsored enterprise securities

 

 

48,643

 

 

1

 

 

(31)

 

 

48,613

 

Corporate bonds and commercial paper

 

 

40,207

 

 

11

 

 

(12)

 

 

40,206

 

Total

 

$

97,911

 

$

12

 

$

(56)

 

$

97,867

 

 

Schedule of contractual maturities of cash equivalents and short-term investments

As of March 31, 2016, the contractual maturities of our cash equivalents and short-term investments were (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Years to Maturity

 

 

    

 

 

    

After One Year

 

 

 

Within

 

Through

 

 

 

One Year

 

Two Years

 

U. S. treasury bills

 

$

9,062

 

$

 —

 

Government-sponsored enterprise securities

 

 

27,737

 

 

1,499

 

Corporate bonds and commercial paper

 

 

59,111

 

 

1,002

 

 

 

$

95,910

 

$

2,501

 

 

Schedule of fair value and gross unrealized losses of the entity's investments in unrealized loss position

The following table shows the fair value and gross unrealized losses of our investments in individual securities that are in an unrealized loss position, aggregated by investment category (in thousands):

 

 

 

 

 

 

 

 

 

March 31, 2016

    

Fair Value

    

Unrealized Losses

 

Government-sponsored enterprise securities

 

$

15,146

 

$

(4)

 

Corporate bonds and commercial paper

 

 

9,257

 

 

(1)

 

Total

 

$

24,403

 

$

(5)