CASH, CASH EQUIVALENTS AND INVESTMENTS

9 Months Ended

Sep. 30, 2016

Cash And Cash Equivalents [Abstract]

4.	CASH, CASH EQUIVALENTS AND INVESTMENTS:

The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. The Company classifies its remaining investments as available-for-sale. These securities are carried at fair market value, with unrealized gains and losses reported in shareholders’ equity. Gains or losses on securities sold are based on the specific identification method. Investments as of September 30, 2016 and December 31, 2015 consisted of the following (in thousands):

	Amortized		Unrealized					Aggregate Fair
Investment Classification	Cost		Gains		(Losses)			Market Value
September 30, 2016
Certificates of deposit	$	6,855	$	7	$	(2	)	$	6,860
Corporate bonds		224,376		—		(247	)		224,129
U.S. Government bonds		15,999		—		(319	)		15,680
	$	247,230	$	7	$	(568	)	$	246,669
December 31, 2015
Certificates of deposit	$	11,532	$	3	$	(14	)	$	11,521
Corporate bonds		233,848		—		(139	)		233,709
U.S. Government bonds		54,953		1		(16	)		54,938
	$	300,333	$	4	$	(169	)	$	300,168

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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