Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.3.0.814
Investments
 9 Months Ended
Sep. 30, 2015
Investments  
Investments

 

(6)Investments

 

The amortized cost and estimated fair values of available-for-sale securities by balance sheet classification are as follows:

 

As of September 30, 2015

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Fair
Value

 

U.S. government securities funds

 

$
1,791

 

$

—

 

$
(5

)

$
1,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total short-term investment securities

 

$
1,791

 

$

—

 

$
(5

)

$
1,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2014

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Fair
Value

 

Municipal obligations

 

$
100

 

$
1

 

$

—

 

$
101

 

U.S. government securities funds

 
1,791

 

—

 
(15

)
1,776

 

Equity securities

 
227

 
454

 
(12

)
669

 

 

 

 

 

 

 

 

 

 

 

Total short-term investment securities

 

$
2,118

 

$
455

 

$
(27

)

$
2,546

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the nine-month period ended September 30, 2015, and 2014, the proceeds from the sales of available-for-sale securities were $810 and $51, respectively. During the nine-month period ended September 30, 2015, the Company had gross realized gains of $294 on sales of available-for-sale securities (net of tax).  There were no gross realized gains (losses) on sales of available-for-sale securities (net of tax) for the nine-month period ended September 30, 2014.

 

The Company’s trading securities portfolio totaled $992 at September 30, 2015, and $1,038 at December 31, 2014, and generated losses of $37 and gains of $44 for the nine months ended September 30, 2015, and 2014.

 

As of September 30, 2015, and December 31, 2014, the Company had unrealized losses of $5 and $15, respectively, in its U.S. government securities funds.