Marketable Securities

9 Months Ended

Sep. 30, 2016

Marketable Securities [Abstract]

Marketable Securities

Note 5: Marketable Securities

Marketable securities consist of mutual funds. For the nine months ended September 30, 2016 and 2015, it was determined that none of the marketable securities had other-than-temporary impairments. At September 30, 2016 and December 31, 2015, all securities were classified as available for sale investments and were measured as Level 1 instruments of the fair value measurements standard.

Securities classified as available for sale consisted of:

September 30, 2016 (in thousands)
Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Short-Term Investments		Long Term Investments
Mutual Funds	$	3,465	$	71	$	—	$	3,536	$	3,536	$	—
Totals	$	3,465	$	71	$	—	$	3,536	$	3,536	$	—

December 31, 2015 (in thousands)
Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Short-Term Investments		Long Term Investments
Mutual Funds	$	6,892	$	—	$	(97	)	$	6,795	$	6,795	$	—
Totals	$	6,892	$	—	$	(97	)	$	6,795	$	6,795	$	—

Unrealized losses on investments

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

September 30, 2016

As of September 30, 2016 there were no investments in a loss position.

December 31, 2015 (in thousands)
			Less Than 12 Months					12 Months or Greater					Totals
Securities	Total number in loss position		Fair Values		Unrealized Losses			Fair Values		Unrealized Losses			Total Fair Value		Total Unrealized Losses
Mutual Funds		2	$	2,834	$	(159	)	$	2,041	$	(21	)	$	4,875	$	(180	)
Totals		2	$	2,834	$	(159	)	$	2,041	$	(21	)	$	4,875	$	(180	)