FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Fair value, financial assets (cash equivalents and investments) measured on a recurring basis

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 (in thousands):



	Fair Value Measurements at June 30, 2013 Using
	Level 1		Level 2		Level 3		Total
Assets:
Money Market funds	$	19,125	$	—	$	—	$	19,125
Non-government sponsored debt securities	—		5,496		—		5,496
Liabilities:
Contingent consideration	$	—	$	—	$	1,220	$	1,220



	Fair Value Measurements at December 31, 2012 Using
	Level 1		Level 2		Level 3		Total
Assets:
Money Market funds	$	16,987	$	—	$	—	$	16,987
Non-government sponsored debt securities	—		16,607		—		16,607
Liabilities:
Contingent consideration	$	—	$	—	$	1,370	$	1,370

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

Changes in financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the period were as follows (in thousands):



	June 30, 2013			December 31, 2012
Balance at beginning of year	$	1,370		$	—
Contingent consideration recorded at acquisition	—			1,370
Fair value adjustments	(150		)	—
Balance at end of period	$	1,220		$	1,370