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KIMLEY‐HORN AND ASSOCIATES, INC. NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 (SEE INDEPENDENT ACCOUNTANT’S REVIEW REPORT) 11 Note 2—Marketable securities, held to maturity The amortized cost of marketable securities, held to maturity and their approximate fair values as of December 31, 2016 and 2015 are as follows: Gross Unrealized Amortized Cost Gains Fair Value Corporate debt securities 59,442,886$ 323,717$ 59,766,603$ Gross Unrealized Amortized Cost Gains Fair Value Corporate debt securities 10,000,000$ -$ 10,000,000$ 2016 2015 All marketable securities held as of December 31, 2016 mature in one year or less. Management evaluates marketable securities for other-than-temporary impairment at least on an annual basis, and more frequently when economic or market concerns warrant such evaluation. No marketable securities were deemed to be impaired as of December 31, 2016. The gross unrealized gains as of December 31, 2016 on marketable securities, held to maturity resulted from changing market interest rates compared to the yields available at the time the underlying securities were purchased. The financial statements include $349,028 and $0 of accrued interest receivable related to these marketable securities as of December 31, 2016 and 2015, respectively, which are included in Accounts receivable - other. Note 3—Other comprehensive income The components of other comprehensive income are summarized below for the years ended December 31: Before‐Tax Tax After‐Tax Amount Effect Amount Other comprehensive income: Post-retirement health benefits 57,309$ (22,293)$ 35,016$ 2016 Before‐Tax Tax After‐Tax Amount Effect Amount Other comprehensive income: Post-retirement health benefits 201,475$ (78,374)$ 123,101$ 2015 See also Note 10.