Available-for-sale debt securities |
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Available-for-sale debt securities |
Note 7 — Available-for-sale debt securities
As of June 30, 2018, the Company has the following investments in available-for-sale debt securities (in thousands):
In the three and six months ended June 30, 2018, realized losses recognized on the maturity of available-for-sale debt securities of $1,310,000 and $2,473,000, respectively, primarily arising due to foreign exchange movements, were reclassified out of accumulated other comprehensive loss.
As of June 30, 2018 and December 31, 2017, the aggregate fair value of securities held by the Company in an unrealized loss position was $81,714,000 and $125,828,000, respectively, which consisted of 33 and 54 securities, respectively. One security, with a fair value of $1,400,000 with an unrealized loss of $2,000 has been in an unrealized loss position for more than one year. As of June 30, 2018, the securities in an unrealized loss position are not considered to be other than temporarily impaired because the impairments are not severe, have been for a short duration and are due to normal market fluctuations. Furthermore, the Company does not intend to sell the debt securities in an unrealized loss position and it is unlikely that the Company will be required to sell these securities before the recovery of the amortized cost.
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