Available-for-Sale Securities

6 Months Ended

Jun. 30, 2018

Available-for-Sale Securities

Available-for-Sale Securities

4.Available-for-Sale Securities

As of June 30, 2018 and December 31, 2017, the Company held no available-for-sale securities.

Gross realized gains and losses on the sales of available-for-sale securities are included in other income, net. Unrealized holding gains or losses for the period that have been included in accumulated other comprehensive income, as well as gains and losses reclassified out of accumulated other comprehensive income into other income, net were not material to the Company’s condensed consolidated results of operations. The cost of securities sold or the amount reclassified out of the accumulated other comprehensive income into other income, net is based on the specific identification method for purposes of recording realized gains and losses. There were no proceeds from sales of available-for-sale securities in the three or six-month periods ended June 30, 2018. All proceeds in the six-month period ended June 30, 2017 related to maturities of underlying securities. There were no proceeds from sales of available-for-sale securities in the three-month period ended June 30, 2017. The gains on proceeds from maturities of available-for-sale securities were not material to the Company’s condensed consolidated results of operations for the three and six months ended June 30, 2018 and 2017.