Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v2.4.0.8
Marketable Securities
12 Months Ended
Dec. 31, 2013
Marketable Securities [Abstract]  
Marketable Securities
Marketable Securities
Marketable securities consisted of the following (in thousands):
 
December 31, 2013
 
Cost
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair value
Certificates of deposit
$
13,250

$

 
$
(17
)
 
$
13,233

Total marketable securities
$
13,250

$

 
$
(17
)
 
$
13,233

 
December 31, 2012
 
Cost
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair value
Certificates of deposit
$
6,500

$

 
$
(1
)
 
$
6,499

Treasury bills
14,996

1

 

 
14,997

Total marketable securities
$
21,496

$
1

 
$
(1
)
 
$
21,496


Marketable securities are classified as short-term in the Consolidated Balance Sheets based on their effective maturity date. All marketable securities as of December 31, 2013 and December 31, 2012 have original maturities ranging from three to 12 months and are classified as available-for-sale. Available-for-sale securities are recorded at fair value and any unrealized holding gains and losses, net of the related tax effect, are excluded from earnings and are reported as a separate component of accumulated other comprehensive income (loss) until realized. See Note 5, “Fair Value Measurements,” for a discussion of inputs used to measure the fair value of the Company's available-for-sale securities.