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MARKETABLE SECURITIES
 9 Months Ended
Sep. 30, 2015
MARKETABLE SECURITIES
3. MARKETABLE SECURITIES

 

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

Municipal bonds

   $ 52,207      $ 110      $ —        $ 52,317   

Corporate bonds

     71,530        25        (31 )      71,524   

Certificates of deposit

     2,894        3        —          2,897   
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 
  $ 126,631      $ 138      $ (31 )    $ 126,738   
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 
    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 September 30, 2015, remaining maturities of marketable debt securities ranged from October 2015 to September 2018, with a weighted-average remaining maturity of approximately 16 months.