Short-Term Investments

6 Months Ended

Jun. 30, 2017

Cash and Cash Equivalents [Abstract]

Short-Term Investments

SHORT-TERM INVESTMENTS

As of June 30, 2017, the Company has no short-term investments. The following table summarizes the Company’s short-term investments as of December 31, 2016 (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
As of December 31, 2016
Corporate bonds	$	6,928	$	—	$	(5	)	$	6,923
Total short-term investments	$	6,928	$	—	$	(5	)	$	6,923

The Company’s short-term investments as of December 31, 2016 had maturities of less than one year. These available-for-sale investments are presented as “Current Assets” in the Condensed Consolidated Balance Sheets as they were available for current operations. Realized gains and losses from the sale of investments were not material for the three and six months endedJune 30, 2017 and July 1, 2016.

The Company’s investments in equity securities of other privately and publicly held companies were $3.8 million and $4.4 million as of June 30, 2017 and December 31, 2016, respectively, and such investments were considered as long-term investments and were included in “Other long-term assets” in the Condensed Consolidated Balance Sheet. (See Note 5, “Investments in Other Equity Securities” for additional information).