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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2014
Marketable Securities [Abstract]  
Held-to-Maturity Securities

The Company's investment in marketable securities as of December 31, 2013 and 2014 are classified as “held-to-maturity” and consist of the following: 


           

Gross

   

Gross

     
           

unrealized

   

unrealized

     
     

Amortized

   

holding

   

holding

   

Aggregate

     

cost basis**

   

gains

   

(losses)

   

fair value*

     

US$ thousands

 

At December 31, 2014




                     

Held to maturity:




                     

Corporate debt securities




                     
Current


  15,328     -     (69 )     15,259
Non-Current


  20,536     -     (271 )     20,265
               
    35,864     -     (340 )     35,524
               
At December 31, 2013


             
Held to maturity:


             
Corporate debt securities and


             

government debt securities


             
Current


  15,015     20     (76 )     14,959
Non-Current


  24,617     69     (167 )     24,519
               
    39,632     89     (243 )     39,478
               
*
Fair value is being determined using quoted market prices in active markets (Level 1).


**
Including accrued interest in the amount of US$ 391 thousand and US$ 339 thousand as of December 31, 2013 and 2014 respectively.
Schedule of Reconciliation of Marketable Securities

Activity in marketable securities in 2014

 

US$ thousands

               

Balance at January 1, 2014

          39,632
             
 

Purchases of marketable securities

        11,740
 

Discount of marketable securities

        (758 )
 

Proceeds from maturity of marketable securities

        (14,750 )
 

Balance at December 31, 2014

            35,864
Summary of Investment Securities in an Unrealized Loss Position

The following table summarizes the gross unrealized losses on investment securities for which other-than-temporary impairments have not been recognized and the fair value of those securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2014:

                         
         

Less than 12 months

   

12 months or more

   

Total

Held to maturity         

Unrealized Losses

   

Fair value

   

Unrealized Losses

   

Fair value

   

Unrealized Losses

   

Fair value

                                         

Corporate debt securities

    (170 )     18,936     (170 )     15,573     (340 )     34,509