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Fair Value Disclosures (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

Financial instruments measured at fair value on a recurring basis as of December 31, 2013 and December 31, 2012 are classified based on the valuation technique in the table below:

 

    December 31, 2013
Fair value measurements using
    Total  
    Quoted Prices in
Active Markets
for Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs

 

(Level 3)

   
    (In thousands)  

Assets:

       

U.S. Treasury securities

  $ 0          $ 56,976        $ 0        $ 56,976     

Money market funds

    10,075          0          0        10,075     
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at fair value

  $             10,075          $  56,976        $               0        $   67,051     
 

 

 

   

 

 

   

 

 

   

 

 

 

The above table excludes $4.1 million of cash held in banks.

 

    December 31, 2012
Fair value measurements using
    Total  
    Quoted Prices in
Active Markets
for Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs

 

(Level 3)

   
    (In thousands)  

Assets:

       

U.S. Treasury securities

  $ 0          $ 38,988        $ 0        $ 38,988     

Money market funds

    52          0          0        52     
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at fair value

  $             52          $  38,988        $               0        $   39,040     
 

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of Short-Term Investments

Short-term Investments

 

     December 31, 2013  
     Amortized
Cost
     Gross
Unrealized
Holding
Gains
     Gross
Unrealized
Holding
Losses
     Fair Value  
     (In thousands)  

U.S. Treasury securities

   $   56,966       $       10       $           0       $   56,976    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 56,966       $ 10       $ 0       $ 56,976    
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     December 31, 2012  
     Amortized
Cost
     Gross
Unrealized
Holding
Gains
     Gross
Unrealized
Holding
Losses
     Fair Value  
     (In thousands)  

U.S. Treasury securities

   $   38,980       $           8       $           0       $   38,988    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 38,980       $ 8       $ 0       $ 38,988