Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

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Marketable Securities
9 Months Ended
Sep. 30, 2015
Marketable Securities [Abstract]  
Marketable Securities
Marketable Securities
Marketable securities consisted of the following (in thousands):
 
September 30, 2015
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Certificates of deposit
$
8,750

 
$
4

 
$

 
$
8,754

Total marketable securities
$
8,750

 
$
4

 
$

 
$
8,754

 
December 31, 2014
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Certificates of deposit
$
23,500

 
$

 
$
(14
)
 
$
23,486

Total marketable securities
$
23,500

 
$

 
$
(14
)
 
$
23,486


Marketable securities are classified as either short-term or long-term in the condensed consolidated balance sheet based on their effective maturity date. All marketable securities as of September 30, 2015 and December 31, 2014 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 9, “Fair Value Measurements,” for a discussion of inputs used to measure the fair value of the Company’s available-for-sale securities.