Cash and Cash Equivalents and Short-Term Investments

12 Months Ended

Dec. 31, 2015

Cash and Cash Equivalents and Short-Term Investments

Cash and Cash Equivalents and Short-Term Investments

5.Cash and Cash Equivalents and Short-Term Investments

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Short-term investments include investments with maturities greater than three months, but not exceeding 12 months, or highly liquid investments with maturities greater than 12 months that the Company intends to liquidate during the next 12 months for working capital needs.

The following tables summarize the Company’s short-term investments at December 31, 2015:

December 31, 2015	Cost		Estimated  Fair Value		Carrying  Value
	(in thousands)
Investments:
Short-term:
Available for sale common stock	$	199	$	72	$	72
Total available for sale	199		72		72
Total short term	$	199	$	72	$	72