NOTE 3: MARKETABLE SECURITIES
The following is a summary of available-for-sale marketable
securities at December 31, 2015 and 2016:
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As at December 31,
2016 |
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Amortized
cost |
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Gross
unrealized
gains |
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Gross
unrealized
losses |
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Fair
value |
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Available-for-sale—matures within one year:
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Corporate bonds
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$ |
9,456 |
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$ |
4 |
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|
$ |
(15 |
) |
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$ |
9,445 |
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9,456 |
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4 |
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(15 |
) |
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9,445 |
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Available-for-sale—matures after one year through five
years:
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Government bonds
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501 |
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|
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— |
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(4 |
) |
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|
497 |
|
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Corporate bonds
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52,490 |
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3 |
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(567 |
) |
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51,926 |
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52,991 |
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3 |
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(571 |
) |
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52,423 |
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Total
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$ |
62,447 |
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|
$ |
7 |
|
|
$ |
(586 |
) |
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$ |
61,868 |
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As at December 31,
2015 |
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| |
|
Amortized
cost |
|
|
Gross
unrealized
gains |
|
|
Gross
unrealized
losses |
|
|
Fair
value |
|
|
Available-for-sale—matures within one year:
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|
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|
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|
|
|
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Certificate of deposits
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$ |
1 |
|
|
$ |
— |
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$ |
— |
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$ |
1 |
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Corporate bonds
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9,257 |
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1 |
|
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(50 |
) |
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9,208 |
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9,258 |
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1 |
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(50 |
) |
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9,209 |
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Available-for-sale—matures after one year through three
years: :
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Corporate bonds
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39,501 |
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— |
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(444 |
) |
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39,057 |
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39,501 |
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— |
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(444 |
) |
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39,057 |
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Total
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$ |
48,759 |
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|
$ |
1 |
|
|
$ |
(494 |
) |
|
$ |
48,266 |
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The following table presents gross unrealized losses and fair
values for those investments that were in an unrealized loss
position as of December 31, 2015 and 2016, and the length of
time that those investments have been in a continuous loss
position:
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Less than 12 months |
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12 months or greater |
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Fair
Value |
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Gross
unrealized
loss |
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Fair
Value |
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Gross
unrealized
loss |
|
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As of December 31, 2016
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|
$ |
48,663 |
|
|
$ |
(557 |
) |
|
$ |
4,875 |
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|
$ |
(29 |
) |
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As of December 31, 2015
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|
$ |
32,695 |
|
|
$ |
(389 |
) |
|
$ |
14,488 |
|
|
$ |
(105 |
) |
As of December 31, 2015 and 2016, management believes the
impairments are not other than temporary and therefore the
impairment losses were recorded in accumulated other comprehensive
income (loss).
The following table presents gross realized gains and losses from
sale of available-for-sale marketable securities:
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Year ended
December 31, |
|
| |
|
2014 |
|
|
2015 |
|
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2016 |
|
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Gross realized gains from sale of available-for-sale marketable
securities
|
|
$ |
99 |
|
|
$ |
4 |
|
|
$ |
24 |
|
|
Gross realized losses from sale of available-for-sale marketable
securities
|
|
$ |
(93 |
) |
|
$ |
(82 |
) |
|
$ |
(33 |
) |
|