Investments

Investments consisted of the following:



	As of December 31,
(in thousands)	2014		2013

Investments held at cost	$	5,503	$	11,724
Equity method investments	4,027		4,843
Total investments	$	9,530	$	16,567

Our investments do not trade in public markets, thus they do not have readily determinable fair values. We estimate the fair values of the investments to approximate their carrying values at December 31, 2014 and 2013. There can be no assurance we would realize the carrying values of these securities upon their sale.