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Available-for-sale Securities
 3 Months Ended
Mar. 31, 2014
Available-for-sale Securities

Note 3. Available-for-sale Securities

The following is a summary of available-for-sale securities at March 31, 2014 (in thousands):

 

     March 31, 2014  
     Carrying Value      Gross
Unrealized Gain		      Fair Value  

Money market funds

    $ 9,648       $ 0       $ 9,648   

Corporate debt securities

      20,243         8         20,251   

United States government agency securities

      4,012         0         4,012   
  

 

 

     

 

 

     

 

 

  

Total available-for-sale securities

    $ 33,903       $ 8       $ 33,911   
  

 

 

     

 

 

     

 

 

  

The following is a summary of available-for-sale securities at December 31, 2013 (in thousands):

 

     December 31, 2013  
     Carrying Value      Gross
Unrealized Gain		     Fair Value  

Money market funds

    $ 8,650       $ 0      $ 8,650   

Corporate debt securities

      23,165         8        23,173   

United States government agency securities

      5,019         (1 )      5,018   
  

 

 

     

 

 

    

 

 

  

Total available-for-sale securities

    $ 36,834       $ 7      $ 36,841   
  

 

 

     

 

 

    

 

 

  

Available-for-sale securities at March 31, 2014 and December 31, 2013 consisted of the following by original contractual maturity (in thousands):

 

     March 31, 2014      December 31, 2013  
     Carrying Value      Fair Value      Carrying Value      Fair Value  

Due in one year or less

    $ 33,903       $ 33,911       $ 30,700       $ 30,701   

Due greater than one year and less than three years

      0         0         6,134         6,140   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total cash equivalents and short-term investments

    $ 33,903       $ 33,911       $ 36,834       $ 36,841   
  

 

 

     

 

 

     

 

 

     

 

 

  

The Company did not record any gross realized gains from the sale or maturity of available-for-sale investments during the three months ended March 31, 2014 and 2013. The Company did not record losses on investments experiencing an other-than-temporary decline in fair value nor did it record any gross realized losses from the sale or maturity of available-for-sale investments during the three months ended March 31, 2014 and 2013, respectively.