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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Company’s financial assets and liabilities measured at fair value on a recurring basis
The following table represents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012, and December 31, 2011, and the basis of that measurement (in thousands):
 
As of December 31, 2012
 
Total Fair
Value
 
Level 1
 
Level 2
 
Level 3
ASSETS
 
 

 
 

 
 

 
 

Money market funds
 
$
905

 
$
905

 
$

 
$

Short-term investments (See Note 4):
 
 

 
 

 
 

 
 

Obligations of U.S. government agencies
 
9,013

 
9,013

 

 

Obligations of U.S. corporations
 
6,952

 

 
6,952

 

Obligations of Non-U.S. corporations
 
3,336

 

 
3,336

 

Total short-term investments
 
19,301

 
9,013

 
10,288

 

TOTAL FINANCIAL ASSETS
 
$
20,206

 
$
9,918

 
$
10,288

 
$

 
As of December 31, 2011
 
Total Fair
Value
 
Level 1
 
Level 2
 
Level 3
ASSETS
 
 

 
 

 
 

 
 

Money market funds
 
$
10,035

 
$
10,035

 
$

 
$

Agency bonds
 
275

 

 
275

 

Short-term investments (See Note 4):
 
 

 
 

 
 

 
 

Obligations of U.S. government agencies
 
6,219

 
6,219

 

 

Obligations of U.S. corporations
 
2,630

 

 
2,630

 

Obligations of Non-U.S. corporations
 
1,048

 

 
1,048

 

Total short-term investments
 
9,897

 
6,219

 
3,678

 

TOTAL FINANCIAL ASSETS
 
$
20,207

 
$
16,254

 
$
3,953

 
$