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MARKETABLE SECURITIES
 3 Months Ended
Mar. 31, 2016
MARKETABLE SECURITIES  
MARKETABLE SECURITIES

 

(6) Marketable Securities

 

A summary of marketable securities is shown below:

 

 

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Fair Value

 

 

 

(In thousands )

 

March 31, 2016

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

U.S. government and municipal obligations

 

 

 

 

 

 

 

 

 

Maturing in one year or less

 

$
70,124

 

$
32

 

$
(3

)

$
70,153

 

Maturing after one year through three years

 
5,396

 
31

 

—

 
5,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total U.S. government and municipal obligations

 

$
75,520

 

$
63

 

$
(3

)

$
75,580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

Maturing in one year or less

 

$
97,686

 

$
23

 

$
(18

)

$
97,691

 

Maturing after one year through three years

 
17,695

 
31

 
(5

)
17,721

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total corporate debt securities

 

$
115,381

 

$
54

 

$
(23

)

$
115,412

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total marketable securities

 

$
190,901

 

$
117

 

$
(26

)

$
190,992

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

U.S. government and municipal obligations

 

 

 

 

 

 

 

 

 

Maturing in one year or less

 

$
48,871

 

$
4

 

$
(20

)

$
48,855

 

Maturing after one year through three years

 
15,940

 
24

 
(57

)
15,907

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total U.S. government and municipal obligations

 

$
64,811

 

$
28

 

$
(77

)

$
64,762

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

Maturing in one year or less

 

$
129,327

 

$
2

 

$
(141

)

$
129,188

 

Maturing after one year through three years

 
23,932

 
1

 
(102

)
23,831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total corporate debt securities

 

$
153,259

 

$
3

 

$
(243

)

$
153,019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total marketable securities

 

$
218,070

 

$
31

 

$
(320

)

$
217,781

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The marketable securities held by the Company were high investment grade and there were no marketable securities that the Company considered to be other-than-temporarily impaired as of March 31, 2016.  Marketable securities include $0.9 million and $1.5 million in accrued interest at March 31, 2016 and December 31, 2015, respectively.