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KIMLEY‐HORN AND ASSOCIATES, INC.  <br />NOTES TO THE FINANCIAL STATEMENTS  <br />  <br />DECEMBER 31, 2017 AND 2016  <br />(SEE INDEPENDENT ACCOUNTANT’S REVIEW REPORT)  <br />  <br />  <br />11 <br />Note 2—Marketable securities, held to maturity <br />  <br />The amortized cost of marketable securities, held to maturity and their approximate fair values as of <br />December 31, 2017 and 2016 are as follows: <br /> <br />Gross Unrealized <br />Amortized Cost Losses Fair Value <br />Corporate debt securities 69,403,915$ (285,162)$ 69,118,753$ <br />Gross Unrealized <br />Amortized Cost Gains Fair Value <br />Corporate debt securities 59,442,886$ 323,717$ 59,766,603$ <br />2017 <br />2016 <br /> <br />Amortized Cost Fair Value <br />Amounts maturing in: <br />One year or less 29,598,295$ 29,762,249$ <br />After one year through five years 39,805,620 39,356,504 <br />69,403,915$ 69,118,753$ <br /> <br />Management evaluates marketable securities for other-than-temporary impairment at least on an annual basis, <br />and more frequently when economic or market concerns warrant such evaluation. No marketable securities <br />were deemed to be impaired as of December 31, 2017. The gross unrealized losses as of December 31, 2017 <br />and gross unrealized gains as of December 31, 2016 on marketable securities, held to maturity resulted from <br />changing market interest rates compared to the yields available at the time the underlying securities were <br />purchased. <br /> <br />The financial statements include $496,058 and $349,028 of accrued interest receivable related to these <br />marketable securities as of December 31, 2017 and 2016, respectively, which are included in Accounts <br />receivable - other. <br />