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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2015
Available-for-sale Securities [Abstract]  
Cash equivalents and marketable securities classified as available-for-sale
Total cash, cash equivalents and marketable securities are summarized as follows:
 
As of December 31, 2015
(Dollars in thousands)
Fair Value
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Weighted Rate of Return
Money market funds
$
77,804

 
$
77,804

 
$

 
$

 
0.12
%
U.S. Government bonds and notes
14,110

 
14,142

 

 
(32)

 
0.48
%
Corporate notes, bonds, commercial paper and other
160,823

 
160,979

 

 
(156)

 
0.45
%
Total cash equivalents and marketable securities
252,737

 
252,925

 

 
(188)

 
 
Cash
34,969

 
34,969

 

 

 
 
Total cash, cash equivalents and marketable securities
$
287,706

 
$
287,894

 
$

 
$
(188
)
 
 
 
As of December 31, 2014
(Dollars in thousands)
Fair Value
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Weighted Rate of Return
Money market funds
$
124,938

 
$
124,938

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
145,983

 
146,096

 
1

 
(114
)
 
0.25
%
Total cash equivalents and marketable securities
270,921

 
271,034

 
1

 
(114
)
 
 
Cash
29,188

 
29,188

 

 

 
 
Total cash, cash equivalents and marketable securities
$
300,109

 
$
300,222

 
$
1

 
$
(114
)
 
 
Available-for-sale securities reported at fair value
Available-for-sale securities are reported at fair value on the balance sheets and classified as follows:
 
As of
 
December 31,
2015
 
December 31,
2014
 
(Dollars in thousands)
Cash equivalents
$
108,795

 
$
124,938

Short term marketable securities
143,942

 
145,983

Total cash equivalents and marketable securities
252,737

 
270,921

Cash
34,969

 
29,188

Total cash, cash equivalents and marketable securities
$
287,706

 
$
300,109

Estimated fair value of cash equivalents and marketable securities classified by date of contractual maturity and the length of time that the securities have been in a continuous unrealized loss position
The estimated fair value of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position at December 31, 2015 and 2014 are as follows:
 
Fair Value
 
Gross Unrealized Loss
 
December 31,
2015
 
December 31,
2014
 
December 31,
2015
 
December 31,
2014
 
(In thousands)
Less than one year
 
 
 
 
 
 
 
Corporate notes, bonds and commercial paper
$
159,673

 
$
139,989

 
$
(188
)
 
$
(114
)