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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2014
Investments Debt And Equity Securities [Abstract]  
Available-For-Sale Securities

The following is a summary of our available-for-sale securities:

 

 

Year Ended December 31, 2014

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Estimated Fair Value

 

 

(In thousands)

 

Mutual funds(1)

$

1,975

 

 

$

241

 

 

$

2,216

 

Commercial paper(2)

 

1,699

 

 

 

 

 

$

1,699

 

 

$

3,674

 

 

$

241

 

 

$

3,915

 

 

 

Year Ended December 31, 2013

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Estimated Fair Value

 

 

(In thousands)

 

Mutual funds(1)

$

1,975

 

 

$

198

 

 

$

2,173

 

Commercial paper(2)

 

3,699

 

 

 

 

 

$

3,699

 

Asset-backed securities and collateralized mortgage obligations(3)(4)(5)

 

7,599

 

 

 

40

 

 

$

7,639

 

 

$

13,273

 

 

$

238

 

 

$

13,511

 

 

 

(1)

Various U.S. equities and other investments managed under mutual funds.

(2)

Commercial paper with maturities less than one year.

(3)

Included in our asset-backed securities and collateralized mortgage obligations is approximately $5.6 million of commercial paper secured by mortgage-backed securities.

(4)

Asset-backed and mortgage-backed securities with maturities of up to 26 years.

(5)

Asset-backed and mortgage-backed securities and collateralized mortgage obligations is net of a $1.6 million impairment that was recognized in the year ended December 31, 2013.

Proceeds, Gross Realized Gains and Gross Realized Losses From Sales and Maturities Available-For-Sale Securities

Proceeds, gross realized gains and gross realized losses from sales and maturities of available-for-sale securities were as follows:

 

 

Proceeds

 

 

Gross Realized Gains

 

 

Gross Realized Losses

 

 

(In thousands)

 

Year Ended December 31, 2014

$

12,978

 

 

$

 

 

$

(326

)

Year Ended December 31, 2013

$

43,959

 

 

$

 

 

$

 

Year Ended December 31, 2012

$

191,298

 

 

$

 

 

$