v2.4.1.9

Investments in debt and equity securities and other investments | 3 Months Ended
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Mar. 31, 2015
Investments Debt And Equity Securities [Abstract] |
Investments in debt and equity securities and other investments |
4. | Investments in debt and equity securities and other investments
Based on the Company’s intentions and strategy concerning investments in debt securities, the Company classifies certain debt securities as held-to-maturity and records them at amortized cost. Equity securities that have readily determinable fair values, including those of mutual funds, common stock and other debt securities, are classified as available-for-sale and recorded at fair value. The Company’s investments in securities consist of the following:
|  | March 31, 2015 |  |  | December 31, 2014 |
|  | Held to |  |  | Available |  |  |  |  |  |  | Held to |  |  | Available |  |  |  |  |
|  | maturity |  |  | for sale |  |  | Total |  |  | maturity |  |  | for sale |  |  | Total |
Certificates of deposit and money market funds due within one year |  | $ | 420,927 |  |  | $ | — |  |  | $ | 420,927 |  |  | $ | 335,975 |  |  | $ | — |  |  | $ | 335,975 |
Investments in mutual funds and common stock |  |  | — |  |  |  | 29,068 |  |  |  | 29,068 |  |  | — |  |  |  | 28,123 |  |  |  | 28,123 |
|  | $ | 420,927 |  |  | $ | 29,068 |  |  | $ | 449,995 |  |  | $ | 335,975 |  |  | $ | 28,123 |  |  | $ | 364,098 |
Short-term investments |  | $ | 420,927 |  |  | $ | 1,438 |  |  | $ | 422,365 |  |  | $ | 335,975 |  |  | $ | 1,424 |  |  | $ | 337,399 |
Long-term investments |  |  | — |  |  |  | 27,630 |  |  |  | 27,630 |  |  |  | — |  |  |  | 26,699 |  |  |  | 26,699 |
|  | $ | 420,927 |  |  | $ | 29,068 |  |  | $ | 449,995 |  |  | $ | 335,975 |  |  | $ | 28,123 |  |  | $ | 364,098 |
The cost of the certificates of deposit and money market funds at March 31, 2015 and December 31, 2014 approximates their fair value. As of March 31, 2015 and December 31, 2014, the available-for-sale investments included $5,468 and $5,181 of gross pre-tax unrealized gains, respectively. During the three months ended March 31, 2015, the Company recorded gross pre-tax unrealized gains of $544, or $382 after tax, in other comprehensive income associated with changes in the fair value of these investments. During the three months ended March 31, 2015, the Company sold investments in mutual funds for net proceeds of $1,217 and recognized a pre-tax gain of $257, or $157 after-tax, which was previously recorded in other comprehensive income. During the three months ended March 31, 2014, the Company sold investments in mutual funds for net proceeds of $1,262 and recognized a pre-tax gain of $340, or $207 after-tax, which was previously recorded in other comprehensive income. The investments in mutual funds classified as available-for-sale are held within a trust to fund existing obligations associated with several of the Company’s non-qualified deferred compensation plans. As of March 31, 2015, the Company held $5,000 of preferred stock in a privately held company that is accounted for under the cost method as this investment does not have a readily determinable fair value. Certain HCP entities are required to maintain minimum cash balances in order to comply with regulatory requirements in conjunction with medical claim reserves. As of March 31, 2015, this minimum cash balance was approximately $53,400.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 + Details
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