INVESTMENTS:

The carrying amount of the Company’s investments is shown in the table below:



	As of
	February 28, 2017						November 30, 2016
	Cost Basis		Unrealized Gains		Carrying Value		Cost Basis		Unrealized Gains		Carrying Value
Short-term investments:
Held-to-maturity investments	$	5,234	$	—	$	5,234	$	5,109	$	—	$	5,109

Long-term investments in other assets:
Available-for-sale securities	$	947	$	1,132	$	2,079	$	928	$	955	$	1,883
Held-to-maturity investments	3,045		—		3,045		2,102		—		2,102
Cost-method investments	3,867		—		3,867		3,884		—		3,884

Short-term held-to-maturity investments primarily consist of term deposits with maturities from the date of purchase greater than three months and less than one year. These term deposits are held until the maturity date and are not traded. Long-term available-for-sale securities primarily consist of investments in other companies’ equity securities. Long-term held-to-maturity investments consist of foreign government bonds purchased pursuant to local regulations, maturing in fiscal year 2023, and term deposits with maturities less than one year. These term deposits are renewed due to certain restrictions under the terms of an acquisition arrangement. Long-term cost-method investments consist of investments in equity securities of private entities.

Available-for-sale securities are recorded at fair value in each reporting period and therefore the carrying value of these securities equals their fair value. For cost-method investments, the Company records an impairment charge when the decline in fair value is determined to be other-than-temporary. The fair value of cost-method investments is based on an internal valuation of the investees. The carrying values of long-term held-to-maturity investment in foreign government bonds of $1,232 as of February 28, 2017 approximate their fair value and unamortized cost due to the short period from their purchase in January 2017.

Cash flows from purchases, sales, and maturities of available-for-sale and held-to-maturity securities are classified as cash flows from investing activities and reported gross on a combined basis as these principally represent cash flows from held-to-maturity securities.