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MARKETABLE SECURITIES
 6 Months Ended
Jun. 30, 2015
MARKETABLE SECURITIES
3. MARKETABLE SECURITIES

 

     June 30, 2015  
(in thousands)    Amortized
Cost		      Unrealized
Gains		      Unrealized
Losses		      Fair Value  

 

Municipal bonds

    $ 35,493       $ 20       $ (43 )     $ 35,470   

 

Corporate bonds

      66,520         14         (72 )       66,462   

 

Certificates of deposit

      4,131         6         (1 )       4,136   
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 106,144       $ 40       $ (116 )     $ 106,068   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

     December 31, 2014  
(in thousands)    Amortized
Cost		      Unrealized
Gains		      Unrealized
Losses		      Fair Value  

 

Municipal bonds

    $ 27,820       $ 52       $ (17 )     $ 27,855   

 

Corporate bonds

      65,487         5         (144 )       65,348   

 

Certificates of deposit

      3,428         2         (2 )       3,428   
  

 

 

     

 

 

     

 

 

     

 

 

  
   $   96,735       $ 59       $ (163 )     $   96,631   
  

 

 

     

 

 

     

 

 

     

 

 

  

The Company considers debt securities with maturities of three months or less from the purchase date to be cash equivalents. Interest is recorded when earned. All of the Company’s investments are classified as available-for-sale and are carried at fair value with unrealized gains and losses recorded as a component of accumulated other comprehensive loss, net of related income taxes.

As of June 30, 2015, remaining maturities of marketable debt securities ranged from July 2015 to June 2017, with a weighted-average remaining maturity of approximately 13 months.