CONTROL4 CORP - 10-K filing on 2018-02-15

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of cash and available-for-sale investments' adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-term investments

The following tables show the Company’s cash and available-for-sale investments’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or short- or long-term investments as of December 31, 2017 and December 31, 2016 (in thousands):


	December 31, 2017
									Cash and
	Adjusted		Unrealized		Unrealized				Cash		Short-term		Long-term
	Cost		Gains		Losses		Fair Value		Equivalents		Investments		Investments

Cash	$	24,367	$	—	$	—	$	24,367	$	24,367	$	—	$	—

Level 1:
Money market funds		5,394		—		—		5,394		5,394		—		—
U.S. government notes		9,060		—		(13)		9,047		—		4,098		4,949
Subtotal		14,454		—		(13)		14,441		5,394		4,098		4,949

Level 2:
Corporate bonds		24,943		—		(49)		24,894		—		17,805		7,089
Commercial paper		22,154		—		—		22,154		—		22,154		—
Subtotal		47,097		—		(49)		47,048		—		39,959		7,089
Total	$	85,918	$	—	$	(62)	$	85,856	$	29,761	$	44,057	$	12,038


	December 31, 2016
									Cash and
	Adjusted		Unrealized		Unrealized				Cash		Short-term		Long-term
	Cost		Gains		Losses		Fair Value		Equivalents		Investments		Investments

Cash	$	24,708	$	—	$	—	$	24,708	$	24,708	$	—	$	—

Level 1:
Money market funds		10,105		—		—		10,105		10,105		—		—
U.S. government notes		2,001		—		(1)		2,000		—		2,000		—
Subtotal		12,106		—		(1)		12,105		10,105		2,000		—

Level 2:
Asset-backed securities		4,008		—		—		4,008		—		—		4,008
Corporate bonds		13,902		—		(14)		13,888		—		13,888		—
Commercial paper		7,082		—		—		7,082		—		7,082		—
Subtotal		24,992		—		(14)		24,978		—		20,970		4,008
Total	$	61,806	$	—	$	(15)	$	61,791	$	34,813	$	22,970	$	4,008

Schedule of pre-tax losses not designated as hedging instruments

The following table shows the pre-tax gains (losses) of the Company’s derivative instruments not designated as hedging instruments (in thousands):


			Years Ended
			December 31,
	Income Statement Location		2017		2016		2015
Foreign exchange forward contracts	Other income (expense), net	$	(1,662)	$	418	$	200