CONTROL4 CORP - 10-Q filing on 2017-05-05

Financial Instruments (Tables)

3 Months Ended

Mar. 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 March 31, 2017 and December 31, 2016 (in thousands):


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

Cash	$	18,044	$	—	$	—	$	18,044	$	18,044	$	—	$	—

Level 1:
Money market funds		10,171		—		—		10,171		10,171		—		—
U.S. government notes		5,104		—		(7)		5,097		—		3,994		1,103
Subtotal		15,275		—		(7)		15,268		10,171		3,994		1,103

Level 2:
Asset-backed securities		2,003		—		(2)		2,001		—		—		2,001
Corporate bonds		9,541		1		(11)		9,531		—		9,531		—
Commercial paper		10,463		—		—		10,463		—		10,463		—
Subtotal		22,007		1		(13)		21,995		—		19,994		2,001
Total	$	55,326	$	1	$	(20)	$	55,307	$	28,215	$	23,988	$	3,104


	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 losses of the Company’s derivative instruments not designated as hedging instruments (in thousands):


		Three Months Ended
		March 31,
	Income Statement Location	2017		2016
Foreign exchange forward contracts	Other income (expense), net	$	(527)	$	(317)