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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
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 June 30, 2014 and December 31, 2013 are classified based on the valuation technique in the table below:

 

     June 30, 2014
Fair value measurements using
        
     Quoted Prices in
Active Markets
for Identical
Assets

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

(Level 3)
     Total  
     (In thousands)  

Assets:

           

U.S. Treasury securities

   $ 0       $ 56,980       $ 0       $ 56,980   

Money market accounts

     12,532         0         0         12,532   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets at fair value

   $ 12,532       $ 56,980       $ 0       $ 69,512   
  

 

 

    

 

 

    

 

 

    

 

 

 

The above table excludes $4.7 million of cash held in banks.

 

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

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

(Level 3)
     Total  
     (In thousands)  

Assets:

           

U.S. Treasury securities

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

Money market accounts

     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.

Schedule of Short-Term Investments

Short-term Investments

 

     June 30, 2014  
     Amortized
Cost
     Gross
Unrealized
Holding
Gains
     Gross
Unrealized
Holding
Losses
     Fair Value  
     (In thousands)  

U.S. Treasury securities

   $ 56,967       $ 13       $ 0       $ 56,980   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 56,967       $ 13       $ 0       $ 56,980   
  

 

 

    

 

 

    

 

 

    

 

 

 
     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