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Cash, Cash Equivalents and Marketable Securities
12 Months Ended
Dec. 31, 2016
Cash Cash Equivalents And Short Term Investments [Abstract]  
Cash, Cash Equivalents and Marketable Securities

4.

Cash, Cash Equivalents and Marketable Securities

Cash, cash equivalents and marketable securities consist of the following (in thousands):

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Estimated Fair Value

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

$

3,557

 

 

$

-

 

 

$

-

 

 

$

3,557

 

Money market funds

 

18,981

 

 

 

-

 

 

 

-

 

 

 

18,981

 

U.S. government agency securities

 

1,751

 

 

 

-

 

 

 

-

 

 

 

1,751

 

Total cash and cash equivalents

 

24,289

 

 

 

-

 

 

 

-

 

 

 

24,289

 

Marketable securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

3,499

 

 

 

-

 

 

 

-

 

 

 

3,499

 

U.S. government agency securities

 

28,685

 

 

 

3

 

 

 

(2

)

 

 

28,686

 

Corporate debt securities

 

24,938

 

 

 

5

 

 

 

(2

)

 

 

24,941

 

Total marketable securities available-for-sale

 

57,122

 

 

 

8

 

 

 

(4

)

 

 

57,126

 

Total cash, cash equivalents and marketable securities

$

81,411

 

 

$

8

 

 

$

(4

)

 

$

81,415

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

$

4,561

 

 

$

-

 

 

$

-

 

 

$

4,561

 

Money market funds

 

21,193

 

 

 

-

 

 

 

-

 

 

 

21,193

 

Corporate debt securities

 

19,052

 

 

 

7

 

 

 

(1

)

 

 

19,058

 

Total cash and cash equivalents

 

44,806

 

 

 

7

 

 

 

(1

)

 

 

44,812

 

Marketable securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

17,628

 

 

 

-

 

 

 

(6

)

 

 

17,622

 

Corporate debt securities

 

133,679

 

 

 

71

 

 

 

(59

)

 

 

133,691

 

Total marketable securities available-for-sale

 

151,307

 

 

 

71

 

 

 

(65

)

 

 

151,313

 

Total cash, cash equivalents and marketable securities

$

196,113

 

 

$

78

 

 

$

(66

)

 

$

196,125

 

 

The maturities of our marketable securities available-for-sale are as follows (in thousands):

 

 

 

December 31, 2016

 

 

 

Amortized Cost

 

 

Estimated Fair Value

 

Mature in one year or less

 

$

57,122

 

 

$

57,126

 

Mature after one year through two years

 

 

-

 

 

 

-

 

 

 

$

57,122

 

 

$

57,126

 

 

There were no realized gains or losses from the sale of marketable securities in the years ended December 31, 2016, 2015 and 2014. All of our investments are classified as short-term and available-for-sale, as we consider them available to fund current operations and may not hold our investments until maturity.