Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of fair value of assets and liabilities measured on a recurring basis

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including available-for-sale securities. The fair value of these certain financial assets was determined using the following inputs as of March 31, 2015 and December 31, 2014 (in thousands):

	Fair Value
	as of
	March 31, 2015		Level 1		Level 2		Level 3
Financial Assets:
Money Market Funds (1)	$	705	$	705	$	—	$	—
U.S. government debt securities (2)	$	730	$	—	$	730	$	—
Corporate debt securities (2)	$	2,903	$	—	$	2,903	$	—
Municipal bonds (2)	$	663	$	—	$	663	$	—

Financial Liabilities:
Debt (5)	$	205,000	$	—	$	205,000	$	—

	Fair Value
	as of
	December 31, 2014		Level 1		Level 2		Level 3
Financial Assets:
Money Market Funds (1)	$	5,013	$	5,013	$	—	$	—
U.S. government debt securities (2)	$	1,341	$	—	$	1,341	$	—
Corporate debt securities (3)	$	7,970	$	—	$	7,970	$	—
Municipal bonds (4)	$	669	$	—	$	669	$	—

Financial Liabilities:
Debt (5)	$	220,000	$	—	$	220,000	$	—

(1)

Included in cash and cash equivalents on the Company’s condensed consoldiated balance sheet.

(2)

Included in short-term marketable securities on the Company’s condensed consolidated balance sheet.

(3)

Included in cash and cash equivalents and short and long-term marketable securities on the Company’s condensed consolidated balance sheet.

(4)

Included in short and long-term marketable securities on the Company’s condensed consolidated balance sheet.

(5)

Included in current portion of long-term debt and long-term debt on the Company’s condensed consolidated balance sheet.