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Investment Securities
6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Investment securities
Note 3. Investment Securities
The disclosures below include details of Artisan’s investments.
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
June 30, 2016
 
 
 
 
 
 
 
Mutual funds
$
10,055

 
$
690

 
$
(266
)
 
$
10,479

December 31, 2015
 
 
 
 
 
 
 
Mutual funds
$
10,069

 
$
832

 
$
(611
)
 
$
10,290


Artisan’s investments in mutual funds consist of investments in shares of Artisan Funds and Artisan Global Funds and are considered to be available-for-sale securities. As a result, unrealized gains (losses) are recorded to other comprehensive income (loss).
As of June 30, 2016 and December 31, 2015, the total fair value of investments in an unrealized loss position was $6.8 million and $4.4 million, respectively. The $266 thousand unrealized losses on available-for-sale securities are considered temporary, based on the severity and duration of the unrealized losses. No impairment losses were recorded on these available-for-sale securities.