Cash and Cash Equivalents, Investments and Restricted Cash | Cash and Cash Equivalents, Investments and Restricted Cash The following table shows our cash and cash equivalents, restricted cash and investments’ adjusted cost, unrealized gain (loss) and fair value (in thousands) as of September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 Cost Net Unrealized Gain/(Loss) Fair Value Cost Net Unrealized Gain/(Loss) Fair Value Cash and cash equivalents: Cash $ 69,083 $ — $ 69,083 $ 49,836 $ — $ 49,836 Money market funds 10,108 — 10,108 5,828 — 5,828 Commercial paper 1,750 — 1,750 453 — 453 Total cash and cash equivalents $ 80,941 $ — $ 80,941 $ 56,117 $ — $ 56,117 Short-term investments: Commercial paper $ 6,948 $ — $ 6,948 $ 13,435 $ — $ 13,435 Corporate securities 14,415 2 14,417 18,426 (15 ) 18,411 Certificate of deposit — — — 1,499 1 1,500 Total short-term investments $ 21,363 $ 2 $ 21,365 $ 33,360 $ (14 ) $ 33,346 Long-term investments: Corporate securities $ 1,937 $ (5 ) $ 1,932 $ 1,453 $ (2 ) $ 1,451 Agency bond 1,001 2 1,003 — — — Long-term corporate securities $ 2,938 $ (3 ) $ 2,935 $ 1,453 $ (2 ) $ 1,451 Short-term restricted cash $ 300 $ — $ 300 $ 300 $ — $ 300 Long-term restricted cash 1,480 — 1,480 1,480 — 1,480 Total restricted cash $ 1,780 $ — $ 1,780 $ 1,780 $ — $ 1,780 The amortized cost and fair value of available-for-sale investments as of September 30, 2015 by contractual maturity were as follows (in thousands): Cost Fair Value Due in 1 year or less $ 23,113 $ 23,115 Due in 1-2 years 2,938 2,935 Investments not due at a single maturity date 10,108 10,108 Total $ 36,159 $ 36,158 Investments not due at a single maturity date in the preceding table consist of money market fund deposits and commercial paper. As of September 30, 2015 , we considered the declines in market value of our investment portfolio to be temporary in nature and did not consider any of our investments to be other-than-temporarily impaired. We typically invest in highly-rated securities with a minimum credit rating of A- and a weighted average maturity of three months, and our investment policy generally limits the amount of credit exposure to any one issuer. The policy requires investments generally to be investment grade, with the primary objective of preserving capital and maintaining liquidity. Fair values were determined for each individual security in the investment portfolio. When evaluating an investment for other-than-temporary impairment, we review factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, changes in market interest rates and our intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment’s cost basis. During the nine months ended September 30, 2015 , we did not recognize any impairment charges. Strategic Investment During the three months ended September 30, 2015 we invested $2.0 million in a third party to expand our customer reach. This investment is included in other assets on our condensed consolidated balance sheet. We did not record other-than-temporary impairment charges on this investment during the three and nine months ended September 30, 2015 as there were no significant identified events or changes in circumstances that would be considered an indicator for impairment. |