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Marketable Securities
 12 Months Ended
Dec. 31, 2014
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

NOTE 3 – MARKETABLE SECURITIES

The table below summarizes the Company’s cash equivalents and available-for-sale securities (in thousands):

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

3,182

 

 

$

—

 

 

$

—

 

 

$

3,182

 

Total

 

 

3,182

 

 

 

—

 

 

 

—

 

 

 

3,182

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper securities

 

$

33,715

 

 

$

33

 

 

$

—

 

 

$

33,748

 

Corporate debt securities

 

 

22,831

 

 

 

—

 

 

 

(18

)

 

 

22,813

 

U.S. government sponsored entity debt securities

 

 

163,671

 

 

 

—

 

 

 

(40

)

 

 

163,631

 

Total

 

 

220,217

 

 

 

33

 

 

 

(58

)

 

 

220,192

 

Total cash equivalents and available-for-sale securities

 

$

223,399

 

 

$

33

 

 

$

(58

)

 

$

223,374

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

6,934

 

 

$

—

 

 

$

—

 

 

$

6,934

 

Total

 

 

6,934

 

 

 

—

 

 

 

—

 

 

 

6,934

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government sponsored entity debt securities

 

 

121,278

 

 

 

12

 

 

 

—

 

 

 

121,290

 

Total cash equivalents and available-for-sale securities

 

$

128,212

 

 

$

12

 

 

$

—

 

 

$

128,224

 

 

As of December 31, 2014, all of the Company’s investments had maturity dates within two years. Approximately 79% of the Company’s available-for-sale securities mature within the next twelve months of the date of the balance sheet and approximately 21% of the Company’s available-for-sale securities have maturities between twelve and twenty-four months from the date of the balance sheet. The Company had no material realized losses or other-than-temporary impairments of available-for-sale securities for the years ended December 31, 2014, 2013 and 2012.