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Marketable Investments (Tables)

9 Months Ended

Sep. 30, 2013

Investments Debt And Equity Securities [Abstract]

Summary of Company's Marketable Investments

The following table summarizes the Company’s marketable investments (in thousands):

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Market Value
September 30, 2013
Available-for-sale securities
State and municipal obligations		$	9,660			$	5			$	—			$	9,665
Federal agency and corporate obligations			77,330				131				(165	)			77,296
Total short-term available-for-sale securities			86,990				136				(165	)			86,961
ARS, long-term			11,000				—				(1,908	)			9,092
Total available-for-sale securities		$	97,990			$	136			$	(2,073	)		$	96,053

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Market Value
December 31, 2012
Available-for-sale securities
State and municipal obligations		$	18,859			$	27			$	(14	)		$	18,872
Federal agency and corporate obligations			115,653				380				(29	)			116,004
Total short-term available-for-sale securities			134,512				407				(43	)			134,876
ARS, long-term			11,000				—				(2,030	)			8,970
Total available-for-sale securities		$	145,512			$	407			$	(2,073	)		$	143,846

Summary of Maturity Periods of the Marketable Securities

The following table reflects the ARS at their contractual maturity dates of between 2024 and 2034 (in thousands).

		FY 2013				FY2014				FY2015				Thereafter				Total
State and municipal obligations		$	2,772			$	4,821			$	2,072			$	—			$	9,665
Federal agency and corporate obligations			7,385				25,035				28,919				15,957				77,296
ARS			—				—				—				9,092				9,092
Total		$	10,157			$	29,856			$	30,991			$	25,049			$	96,053

Summary of Gross Unrealized Losses and Market Value of Available-for-Sale Securities with Unrealized Losses

The following table shows the gross unrealized losses and market value of Forrester’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

		As of September 30, 2013
		Less Than 12 Months								12 Months or Greater
		Market Value				Unrealized Losses				Market Value				Unrealized Losses
State and municipal bonds		$	—			$	—			$	—			$	—
Federal agency and corporate obligations			35,843				165				—				—
ARS			—				—				9,092				1,908
Total		$	35,843			$	165			$	9,092			$	1,908
		As of December 31, 2012
		Less Than 12 Months								12 Months or Greater
		Market Value				Unrealized Losses				Market Value				Unrealized Losses
State and municipal bonds		$	9,430			$	14			$	—			$	—
Federal agency and corporate obligations			17,716				29				—				—
ARS			—				—				8,970				2,030
Total		$	27,146			$	43			$	8,970			$	2,030

Summary of Company's Fair Value Hierarchy for its Financial Assets

The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments) measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 (in thousands):

		As of September 30, 2013
		Level 1				Level 2				Level 3				Total
Money market funds (1)		$	7,111			$	—			$	—			$	7,111
State and municipal obligations			—				9,665				—				9,665
Federal agency and corporate obligations			—				77,296				—				77,296
ARS			—				—				9,092				9,092
Total		$	7,111			$	86,961			$	9,092			$	103,164
		As of December 31, 2012
		Level 1				Level 2				Level 3				Total
Money market funds (1)		$	815			$	—			$	—			$	815
State and municipal obligations			—				18,872				—				18,872
Federal agency and corporate obligations (2)			—				148,117				—				148,117
ARS			—				—				8,970				8,970
Total		$	815			$	166,989			$	8,970			$	176,774

(1) Included in cash and cash equivalents.

(2) $32.1 million are included in cash and cash equivalents at December 31, 2012 as original maturities at the time of purchase were 90 days or less.

Summary of Changes in Fair Value of Level 3 Financial Assets

The following table provides a summary of changes in fair value of the Company’s Level 3 financial assets for the nine months ended September 30, 2013 and 2012 (in thousands):

		ARS
Balance at December 31, 2011		$	9,565
Sales			—
Gains included in other comprehensive income			224
Balance at September 30, 2012		$	9,789
		ARS
Balance at December 31, 2012		$	8,970
Sales			—
Gains included in other comprehensive income			122
Balance at September 30, 2013		$	9,092

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