| Cash, Cash Equivalents and Investments |
Cash, Cash Equivalents and Investments
A summary of our cash, cash equivalents and available-for-sale investments at May 31, 2016 is as follows (in thousands): | | | | | | | | | | | | | | | | | | Amortized Cost Basis | | Unrealized Gains | | Unrealized Losses | | Fair Value | Cash | $ | 174,198 |
| | $ | — |
| | $ | — |
| | $ | 174,198 |
| Money market funds | 5,535 |
| | — |
| | — |
| | 5,535 |
| State and municipal bond obligations | 39,584 |
| | 3 |
| | — |
| | 39,587 |
| U.S. treasury bonds | 4,658 |
| | — |
| | (6 | ) | | 4,652 |
| U.S. government agency bonds | 1,633 |
| | — |
| | — |
| | 1,633 |
| Corporate bonds | 3,501 |
| | 3 |
| | — |
| | 3,504 |
| Total | $ | 229,109 |
| | $ | 6 |
| | $ | (6 | ) | | $ | 229,109 |
|
A summary of our cash, cash equivalents and available-for-sale investments at November 30, 2015 is as follows (in thousands): | | | | | | | | | | | | | | | | | | Amortized Cost Basis | | Unrealized Gains | | Unrealized Losses | | Fair Value | Cash | $ | 186,241 |
| | $ | — |
| | $ | — |
| | $ | 186,241 |
| Money market funds | 26,138 |
| | — |
| | — |
| | 26,138 |
| State and municipal bond obligations | 20,387 |
| | 30 |
| | — |
| | 20,417 |
| U.S. treasury bonds | 3,109 |
| | — |
| | (15 | ) | | 3,094 |
| U.S. government agency bonds | 1,645 |
| | — |
| | (4 | ) | | 1,641 |
| Corporate bonds | 3,756 |
| | — |
| | (8 | ) | | 3,748 |
| Total | $ | 241,276 |
| | $ | 30 |
| | $ | (27 | ) | | $ | 241,279 |
|
Such amounts are classified on our condensed consolidated balance sheets as follows (in thousands): | | | | | | | | | | | | | | | | | | May 31, 2016 | | November 30, 2015 | | Cash and Equivalents | | Short-Term Investments | | Cash and Equivalents | | Short-Term Investments | Cash | $ | 174,198 |
| | $ | — |
| | $ | 186,241 |
| | $ | — |
| Money market funds | 5,535 |
| | — |
| | 26,138 |
| | — |
| State and municipal bond obligations | — |
| | 39,587 |
| | — |
| | 20,417 |
| U.S. treasury bonds | — |
| | 4,652 |
| | — |
| | 3,094 |
| U.S. government agency bonds | — |
| | 1,633 |
| | — |
| | 1,641 |
| Corporate bonds | — |
| | 3,504 |
| | — |
| | 3,748 |
| Total | $ | 179,733 |
| | $ | 49,376 |
| | $ | 212,379 |
| | $ | 28,900 |
|
The fair value of debt securities by contractual maturity is as follows (in thousands): | | | | | | | | | | May 31,
2016 | | November 30,
2015 | Due in one year or less | $ | 27,380 |
| | $ | 15,945 |
| Due after one year (1) | 21,996 |
| | 12,955 |
| Total | $ | 49,376 |
| | $ | 28,900 |
|
| | (1) | Includes state and municipal bond obligations and corporate bonds, which are securities representing investments available for current operations and are classified as current in the consolidated balance sheets. |
We did not hold any investments with continuous unrealized losses as of May 31, 2016 or November 30, 2015. |