CASH, CASH EQUIVALENTS AND INVESTMENTS

3 Months Ended

Mar. 31, 2017

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 March 31, 2017 and December 31, 2016 consisted of the following (in thousands):

	Amortized		Unrealized					Aggregate Fair
Investment Classification	Cost		Gains		(Losses)			Market Value
March 31, 2017
Certificates of deposit	$	2,062	$	2	$	0		$	2,064
Commercial paper		3,985		—		(7	)		3,978
Corporate bonds		274,914		3		(393	)		274,524
U.S. Government bonds		2,000		—		(1	)		1,999
	$	282,961	$	5	$	(401	)	$	282,565
December 31, 2016
Certificates of deposit	$	3,362	$	3	$	—		$	3,365
Commercial paper		2,998		—		(2	)		2,996
Corporate bonds		209,595		6		(377	)		209,224
U.S. Government bonds		32,996		1		(3	)		32,994
	$	248,951	$	10	$	(382	)	$	248,579

- 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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