Quarterly report pursuant to Section 13 or 15(d)

Available-for-sale debt securities

v3.19.1
Available-for-sale debt securities
3 Months Ended
Mar. 31, 2019
Available-for-sale debt securities  
Available-for-sale debt securities

Note 7 — Available-for-sale debt securities

As of March 31, 2019, the Company has the following investments in available-for-sale debt securities (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Gross

 

Aggregate

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Estimated

 

    

Maturity

    

cost

    

Gains

    

Losses

    

Fair Value

Cash equivalents:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Corporate debt securities

 

Less than 3 months

 

$

7,990

 

$

 —

 

$

 —

 

$

7,990

 

 

  

 

$

7,990

 

$

 —

 

$

 —

 

$

7,990

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Corporate debt securities

 

3 months to 1 year

 

$

109,203

 

$

64

 

$

(15)

 

$

109,252

Agency bond

 

3 months to 1 year

 

 

3,990

 

 

 5

 

 

 —

 

 

3,995

Treasury bills

 

3 months to 1 year

 

 

1,992

 

 

 —

 

 

 —

 

 

1,992

Certificate of deposit

 

3 months to 1 year

 

 

3,002

 

 

 —

 

 

 —

 

 

3,002

 

 

  

 

$

118,187

 

$

69

 

$

(15)

 

$

118,241

 

In the three months ended March 31, 2019, there were no realized losses recognized on the maturity of available-for-sale debt securities.

As of March 31, 2019 and December 31, 2018, the aggregate fair value of securities held by the Company in an unrealized loss position was $49,567,000 and $117,179,000, respectively, which consisted of 15 and 37 securities, respectively.  No securities have been in an unrealized loss position for more than one year. As of March 31, 2019, 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.