Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Available-For-Sale Securities (Tables)

v2.4.0.8
Cash, Cash Equivalents and Available-For-Sale Securities (Tables)
 9 Months Ended
Sep. 30, 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 consisted of the following (in thousands):

 

 

 

September 30,

 

December 31,

 

 

 

2013

 

2012

 

Checking account

 

$

94

 

$

251

 

Money market funds

 

14,437

 

23,936

 

U. S. treasury bills

 

2,104

 

—

 

Government-sponsored enterprise securities

 

80,867

 

77,047

 

Corporate bonds and commercial paper

 

133,380

 

197,007

 

 

 

$

230,882

 

$

298,241

 

Reported as:

 

 

 

 

 

Cash and cash equivalents

 

$

16,031

 

$

33,484

 

Available-for-sale securities

 

214,851

 

264,757

 

 

 

$

230,882

 

$

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 include the following securities with unrealized gains and losses (in thousands):

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

September 30, 2013

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U. S. treasury bills

 

$

2,102

 

$

2

 

$

—

 

$

2,104

 

Government-sponsored enterprise securities

 

80,809

 

60

 

(2

)

80,867

 

Corporate bonds and commercial paper

 

133,311

 

75

 

(6

)

133,380

 

Total

 

$

216,222

 

$

137

 

$

(8

)

$

216,351

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

December 31, 2012

 

Cost

 

Gains

 

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 September 30, 2013, the contractual maturities of our cash equivalents and available-for-sale securities were (in thousands):

 

 

 

Years to Maturity

 

 

 

 

 

After One Year

 

 

 

Within One

 

Through

 

 

 

Year

 

Two Years

 

U. S. treasury bills

 

$

—

 

$

2,104

 

Government-sponsored enterprise securities

 

53,203

 

27,664

 

Corporate bonds and commercial paper

 

129,885

 

3,495

 

 

 

$

183,088

 

$

33,263

 

 
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):

 

 

 

 

 

Unrealized

 

September 30, 2013

 

Fair Value

 

Losses

 

Government-sponsored enterprise securities

 

$

2,998

 

$

(2

)

Corporate bonds and commercial paper

 

28,265

 

(6

)

Total

 

$

31,263

 

$

(8

)