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Investments in debt and equity securities (Tables)
12 Months Ended
Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]  
Investments

The Company’s investments in securities and certain other financial instruments consist of the following:

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Held to

maturity

 

 

Available

for sale

 

 

Total

 

 

Held to

maturity

 

 

Available

for sale

 

 

Total

 

Certificates of deposit, commercial paper and money

   market funds due within one year

 

$

256,827

 

 

$

 

 

$

256,827

 

 

$

406,884

 

 

$

 

 

$

406,884

 

Investments in mutual funds and common stock

 

 

50,000

 

 

 

47,404

 

 

 

97,404

 

 

 

 

 

 

33,482

 

 

 

33,482

 

Cash surrender value of life insurance policies

 

 

 

 

 

59,646

 

 

 

59,646

 

 

 

 

 

 

56,840

 

 

 

56,840

 

 

 

$

306,827

 

 

$

107,050

 

 

$

413,877

 

 

$

406,884

 

 

$

90,322

 

 

$

497,206

 

Short-term investments

 

$

306,827

 

 

$

3,371

 

 

$

310,198

 

 

$

406,884

 

 

$

1,200

 

 

$

408,084

 

Long-term investments

 

 

 

 

 

103,679

 

 

 

103,679

 

 

 

 

 

 

89,122

 

 

 

89,122

 

 

 

$

306,827

 

 

$

107,050

 

 

$

413,877

 

 

$

406,884

 

 

$

90,322

 

 

$

497,206