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KIMLEY‐HORN AND ASSOCIATES, INC.  <br />NOTES TO THE FINANCIAL STATEMENTS  <br />  <br />  <br />DECEMBER 31, 2018 AND 2017  <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 December 31, <br />2018 and 2017 are as follows: <br /> <br />Gross Unrealized <br />Amortized Cost Losses Fair Value <br />Corporate debt securities 112,059,861$ (120,141)$ 111,939,720$ <br />Gross Unrealized <br />Amortized Cost Losses Fair Value <br />Corporate debt securities 69,403,915$ (285,162)$ 69,118,753$ <br />2018 <br />2017 <br /> <br />The following is a summary of maturities of marketable securities, held to maturity as of December 31, 2018: <br /> <br />Amortized Cost Fair Value <br />Amounts maturing in: <br />One year or less 72,491,809$ 73,091,104$ <br />After one year through five years 39,568,052 38,848,616 <br />112,059,861$ 111,939,720$ <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 were <br />deemed to be impaired as of December 31, 2018. The gross unrealized losses as of December 31, 2018 and <br />2017 on marketable securities, held to maturity resulted from changing market interest rates compared to the <br />yields available at the time the underlying securities were purchased. <br /> <br />The financial statements include $969,285 and $496,058 of accrued interest receivable related to these <br />marketable securities as of December 31, 2018 and 2017, respectively, which are included in Accounts receivable <br />- other. <br />