XML 32 R12.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Investments | 12 Months Ended
--- | ---
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Investments | 3. Investments The following is a summary of investments as of December 31, 2015 and 2014, which includes $67,840 of restricted investments as of December 31, 2014. In 2014, the University recorded a non-cash transaction to reflect the restriction of $67,840 of investments. The University considered all investments as available for sale.
|  | As of December 31, 2015 |
|  | Adjusted Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Municipal securities |  | $ | 83,507 |  |  | $ | 26 |  |  | $ | (169 | ) |  | $ | 83,364 |
Municipal bond mutual fund |  |  | 55,720 |  |  |  | — |  |  |  | (115 | ) |  |  | 55,605 |
Total restricted and unrestricted investments |  | $ | 139,227 |  |  | $ | 26 |  |  | $ | (284 | ) |  | $ | 138,969 |
|  | 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 |
The cash flows of municipal securities are backed by the issuing municipality’s credit worthiness. All municipal securities are due in one year or less as of December 31, 2015. For the years ended December 31, 2015 and 2014, the net unrealized losses on available-for-sale securities were $(159) and ($93), net of taxes, respectively.

X
- Definition The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses). + References No definition available. + Details
Name: | us-gaap_CostAndEquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration