Marketable Investments

12 Months Ended

Dec. 31, 2015

Investments Debt And Equity Securities [Abstract]

Marketable Investments

(3) Marketable Investments

The following table summarizes the Company’s marketable investments, all of which are classified as available-for-sale (in thousands):

	As of  December 31, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	47,939	$	—	$	(164	)	$	47,775

	As of December 31, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	55,005	$	13	$	(133	)	$	54,885

The following table summarizes the maturity periods of the marketable securities in the Company’s portfolio as of December 31, 2015.

	FY 2016		FY 2017		FY 2018		Total
Corporate obligations	$	19,305	$	23,490	$	4,980	$	47,775

The following table shows the gross unrealized losses and market value of Forrester’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

	As of  December 31, 2015
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	45,748	$	158	$	2,027	$	6

	As of December 31, 2014
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	38,175	$	133	$	—	$	—

Realized gains or losses on sales of the Company’s available-for-sale securities were not significant for the years ended December 31, 2015 and 2014. During 2013 the Company sold its entire portfolio of auction rate securities (par value $11.0 million) for a realized loss of $1.9 million that is included in losses on investments, net in the Consolidated Statements of Income.

The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable investments) measured at fair value on a recurring basis (in thousands):

	As of  December 31, 2015
	Level 1		Level 2		Level 3		Total
Money market funds (1)	$	325	$	—	$	—	$	325
Corporate obligations		—		47,775		—		47,775
Total	$	325	$	47,775	$	—	$	48,100

	As of December 31, 2014
	Level 1		Level 2		Level 3		Total
Money market funds (1)	$	1,794	$	—	$	—	$	1,794
Corporate obligations		—		54,885		—		54,885
Total	$	1,794	$	54,885	$	—	$	56,679

(1) Included in cash and cash equivalents.

Level 2 assets consist of the Company’s entire portfolio of corporate bonds. Level 2 assets have been initially valued at the transaction price and subsequently valued, at the end of each reporting period, typically utilizing third party pricing services or other market observable data. The pricing services utilize industry standard valuation methods, including both income and market based approaches and observable market inputs to determine value. These observable market inputs include reportable trades, benchmark yields, credit spreads, broker/dealer quotes, bids, offers, current spot rates and other industry and economic events.