CONTROL4 CORP - 10-Q filing on 2017-11-03

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2017 and December 31, 2016 (in thousands):


	September 30, 2017
									Cash and
	Adjusted		Unrealized		Unrealized				Cash		Short-term		Long-term
	Cost		Gains		Losses		Fair Value		Equivalents		Investments		Investments

Cash	$	20,170	$	—	$	—	$	20,170	$	20,170	$	—	$	—

Level 1:
Money market funds		5,061		—		—		5,061		5,061		—		—
U.S. government notes		6,998		—		(4)		6,994		1,899		5,095		—
Subtotal		12,059		—		(4)		12,055		6,960		5,095		—

Level 2:
Asset-backed securities		1,000		—		—		1,000		—		1,000		—
Corporate bonds		18,367		—		(8)		18,359		—		16,846		1,513
Commercial paper		20,023		—		—		20,023		1,497		18,526		—
Subtotal		39,390		—		(8)		39,382		1,497		36,372		1,513
Total	$	71,619	$	—	$	(12)	$	71,607	$	28,627	$	41,467	$	1,513


	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				Nine Months Ended
		September 30,				September 30,
	Income Statement Location	2017		2016		2017		2016
Foreign exchange forward contracts	Other income (expense), net	$	(501)	$	(60)	$	(1,433)	$	(17)