Cash Overdrafts And Cash Equivalents

12 Months Ended

Dec. 31, 2014

Cash Overdrafts And Cash Equivalents [Abstract]

Cash Overdrafts And Cash Equivalents

9.     Cash Overdrafts and Cash Equivalents 

Included in accounts payable are cash overdrafts of $10.5 million and $806,000 as of December 31, 2014 and 2013, respectively.

From time to time throughout the year, we invest excess cash in money market funds or repurchase agreements directly with major commercial banks. We do not physically hold the collateral for repurchase agreements, but the term is less than 10 days.  We closely monitor the creditworthiness of the institutions with which we invest our overnight funds and the quality of the collateral underlying those investments. We had $80,000 in cash equivalents as of December 31, 2014.  There was $23.1 million in cash equivalents as of December 31, 2013.  The weighted average rate of return for our cash equivalents was 0.06% in 2014 and 0.08% in 2013.