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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Hierarchy of Financial Assets Measured at Fair Value on Recurring Basis

The fair value hierarchy of ICG’s financial assets measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 was as follows (in thousands):

 

 

 

 

 

 

Valuation

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset (liability) at

 

 

Technique

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

(Approach)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (money market accounts and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

commercial paper investments)

$

313,882

 

 

Market

 

$

313,882

 

 

$

-

 

 

$

-

 

 

$

313,882

 

 

 

 

$

313,882

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

Valuation

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset (liability) at

 

 

Technique

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

(Approach)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents (money market accounts)

$

325,652

 

 

Market

 

$

325,652

 

 

$

-

 

 

$

-

 

 

$

325,652

 

 

 

 

$

325,652

 

 

$

-

 

 

$

-