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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 are summarized below (in thousands):

 

March 31, 2016

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Direct or Indirect

Observable

Inputs (Level 2)

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

2,268

 

 

$

 

 

$

2,268

 

Corporate commercial paper

 

 

 

 

1,749

 

 

 

1,749

 

Corporate debt securities

 

 

 

 

 

 

 

 

Total cash equivalents

 

2,268

 

 

 

1,749

 

 

 

4,017

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

Corporate commercial paper

 

 

 

 

10,735

 

 

 

10,735

 

Treasury bonds

 

 

 

 

1,008

 

 

 

1,008

 

Corporate debt securities

 

 

 

 

3,541

 

 

 

3,541

 

Total short-term investments

 

 

 

 

15,284

 

 

 

15,284

 

Restricted cash equivalents—money market fund

 

250

 

 

 

 

 

 

250

 

Total assets measured at fair value

$

2,518

 

 

$

17,033

 

 

$

19,551

 

 

 

December 31, 2015

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Direct or Indirect

Observable

Inputs (Level 2)

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

5,404

 

 

$

 

 

$

5,404

 

Corporate commercial paper

 

 

 

 

1,500

 

 

 

1,500

 

Corporate debt securities

 

 

 

 

2,269

 

 

 

2,269

 

Total cash equivalents

 

5,404

 

 

 

3,769

 

 

 

9,173

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

Corporate commercial paper

 

 

 

 

6,245

 

 

 

6,245

 

Treasury bonds

 

 

 

 

1,007

 

 

 

1,007

 

Corporate debt securities

 

 

 

 

6,028

 

 

 

6,028

 

Total short-term investments

 

 

 

 

13,280

 

 

 

13,280

 

Restricted cash equivalents—money market fund

 

250

 

 

 

 

 

 

250

 

Total assets measured at fair value

$

5,654

 

 

$

17,049

 

 

$

22,703