Annual report pursuant to Section 13 and 15(d)

CASH, CASH EQUIVALENTS AND AVAILABLE-FOR-SALE SECURITIES (Tables)

v2.4.0.8
CASH, CASH EQUIVALENTS AND AVAILABLE-FOR-SALE SECURITIES (Tables)
12 Months Ended
Dec. 31, 2013
CASH, CASH EQUIVALENTS AND AVAILABLE-FOR-SALE SECURITIES  
Schedule of cash, cash equivalents and available-for-sale securities

Cash, cash equivalents and available-for-sale securities consist of the following (in thousands):

 
  December 31,  
 
  2013   2012  

Checking account

  $ 195   $ 251  

Money market funds

    9,059     23,936  

U. S. treasury bills

    2,085      

Government-sponsored enterprise securities

    67,178     77,047  

Corporate bonds and commercial paper

    133,458     197,007  
           

 

  $ 211,975   $ 298,241  
           
           

Reported as:

             

Cash and cash equivalents

  $ 20,854   $ 33,484  

Available-for-sale securities

    191,121     264,757  
           

 

  $ 211,975   $ 298,241  
           
           
Schedule of cash equivalents and available-for-sale securities including the securities with unrealized gains and losses

Cash equivalents and available-for-sale securities included the following securities with unrealized gains and losses (in thousands):

December 31, 2013
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Fair Value  

U. S. treasury bills

  $ 2,083   $ 2   $   $ 2,085  

Government-sponsored enterprise securities

    67,160     29     (11 )   67,178  

Corporate bonds and commercial paper

    133,431     33     (6 )   133,458  
                   

Total

  $ 202,674   $ 64   $ (17 ) $ 202,721  
                   
                   

 

December 31, 2012
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Fair Value  

Government-sponsored enterprise securities

  $ 77,041   $ 37   $ (31 ) $ 77,047  

Corporate bonds and commercial paper

    196,931     98     (22 )   197,007  
                   

Total

  $ 273,972   $ 135   $ (53 ) $ 274,054  
                   
                   
Schedule of contractual maturities of cash equivalents and available-for-sale securities

 As of December 31, 2013, the contractual maturities of our cash equivalents and available-for-sale securities were (in thousands):

 
  Years to Maturity  
 
  Within
One Year
  After One Year
Through
Two Years
 

U. S. treasury bills

  $   $ 2,085  

Government-sponsored enterprise securities

    49,394     17,784  

Corporate bonds and commercial paper

    132,452     1,006  
           

 

  $ 181,846   $ 20,875  
           
           
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):

December 31, 2013
  Fair Value   Unrealized Losses  

Government-sponsored enterprise securities

  $ 7,989   $ (11 )

Corporate bonds and commercial paper

    23,266     (6 )
           

Total

  $ 31,255   $ (17 )