Investments (Tables)

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Summary of Amounts Included in Restricted Investments and Unrestricted Investments

The following is a summary of amounts included in restricted and unrestricted investments as of September 30, 2015 and December 31, 2014. The University considered all investments as available for sale.


	As of September 30, 2015
	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Estimated Fair Value
Municipal securities	$	84,007	$	94	$	(85	)	$	84,016
Municipal bond mutual fund		55,621		—		(115	)		55,506


Total restricted and unrestricted investments	$	139,628	$	94	$	(200	)	$	139,522


	As of December 31, 2014
	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized (Losses)			Estimated Fair Value
Municipal securities	$	83,364	$	51	$	(177	)	$	83,238
Municipal bond mutual fund		85,386		—		—			85,386


Total restricted and unrestricted investments	$	168,750	$	51	$	(177	)	$	168,624

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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