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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015 and December 31, 2014 are classified based on the valuation technique in the table below:

 

    March 31, 2015
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      $ 37,987      $ 0      $ 37,987   

Money market accounts

    24,523        0        0        24,523   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at fair value

$ 24,523    $ 37,987    $ 0    $ 62,510   
 

 

 

   

 

 

   

 

 

   

 

 

 

The above table excludes $15.8 million of cash held in banks.

 

    December 31, 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      $ 42,981      $ 0      $ 42,981   

Money market accounts

    11,524        0        0        11,524   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total assets at fair value

$ 11,524    $ 42,981    $ 0    $ 54,505   
 

 

 

   

 

 

   

 

 

   

 

 

 

The above table excludes $2.9 million of cash held in banks.

Schedule of Short-Term Investments

Short-term Investments

 

    March 31, 2015  
    Amortized
Cost
    Gross
Unrealized
Holding
Gains
    Gross
Unrealized
Holding
Losses
    Fair Value  
    (In thousands)  

U.S. Treasury securities

  $ 37,985      $ 2      $ 0      $ 37,987   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total

$ 37,985    $ 2    $ 0    $ 37,987   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

    December 31, 2014  
    Amortized
Cost
    Gross
Unrealized
Holding
Gains
    Gross
Unrealized
Holding
Losses
    Fair Value  
    (In thousands)  

U.S. Treasury securities

  $ 42,980      $ 1      $ 0      $ 42,981   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total

$ 42,980    $ 1    $ 0    $ 42,981