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CASH, CASH EQUIVALENTS AND INVESTMENTS
 6 Months Ended
Jun. 30, 2016
Cash And Cash Equivalents [Abstract]  
CASH, CASH EQUIVALENTS AND INVESTMENTS

3.

CASH, CASH EQUIVALENTS AND INVESTMENTS:

The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. The Company classifies its remaining investments as available-for-sale. These securities are carried at fair market value, with unrealized gains and losses reported in shareholders’ equity. Gains or losses on securities sold are based on the specific identification method. Investments as of June 30, 2016 and December 31, 2015 consisted of the following (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Aggregate Fair

 

Investment Classification

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Market Value

 

June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

10,626

 

 

$

9

 

 

$

(2

)

 

$

10,633

 

Corporate bonds

 

 

234,222

 

 

 

12

 

 

 

(53

)

 

 

234,181

 

U.S. Government bonds

 

 

17,498

 

 

 

—

 

 

 

(262

)

 

 

17,236

 

 

 

$

262,346

 

 

$

21

 

 

$

(317

)

 

$

262,050

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

11,532

 

 

$

3

 

 

$

(14

)

 

$

11,521

 

Corporate bonds

 

 

233,848

 

 

 

—

 

 

 

(139

)

 

 

233,709

 

U.S. Government bonds

 

 

54,953

 

 

 

1

 

 

 

(16

)

 

 

54,938

 

 

 

$

300,333

 

 

$

4

 

 

$

(169

)

 

$

300,168