INVESTMENT IN PRIVATELY-HELD COMPANY
In August 2013, we invested $2.0 million in equity securities in HyTrust, a privately-held company. This investment is accounted for as a cost-basis investment, as we own less than 20% of the voting securities and do not have the ability to exercise significant influence over operating and financial policies of the entity. This investment is carried at historical cost and is within Other assets on our consolidated balance sheet and measured at fair value on a nonrecurring basis when indicators of impairment exist. As of December 31, 2013, no events have occurred that would adversely affect the carrying value of this investment.
