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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of September 30, 2018:
 
As of September 30, 2018
 
Total
 
Quoted market
prices in active
markets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents: money-market funds
$
37,228

 
$
37,228

 
$

 
$

Available-for-sale securities: U.S. treasuries (1)
133,164

 
133,164

 

 

Available-for-sale securities: certificates of deposit (1)
152

 
152

 

 

Trading securities: mutual funds (1)
2,857

 
2,857

 

 

Foreign currency forward contracts (2)
1,028

 

 
1,028

 

Total assets measured at fair value
$
174,429

 
$
173,401

 
$
1,028

 
$

Liabilities:
 
 
 
 
 
 
 
Foreign currency forward contracts (3)
$
209

 
$

 
$
209

 
$

Contingent consideration (4)
5,953

 
$

 
$

 
5,953

Total liabilities measured at fair value
$
6,162

 
$

 
$
209

 
$
5,953


_________________________
(1) 
Included in Short-term investments on the Company’s unaudited condensed consolidated balance sheets.
(2) 
Included in Prepaid expenses and other current assets on the Company’s unaudited condensed consolidated balance sheets.
(3) 
Included in Other accrued liabilities on the Company’s unaudited condensed consolidated balance sheets.
(4) 
Included in Other non-current accrued liabilities on the Company’s unaudited condensed consolidated balance sheets. The contingent consideration represents the estimated fair value of the additional variable cash consideration payable in connection with the acquisition of Meural that is contingent upon the achievement of certain technical and service revenue milestones milestones. Refer to Note 5, Business Acquisition, regarding detailed disclosures on the determination of fair value of the contingent consideration.
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:
 
As of December 31, 2017
 
Total
 
Quoted market
prices in active
markets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents: money-market funds
$
12,606

 
$
12,606

 
$

 
$

Available-for-sale securities: U.S. treasuries (1)
124,670

 
124,670

 

 

Available-for-sale securities: certificates of deposit (1)
162

 
162

 

 

Trading securities: mutual funds (1)
2,094

 
2,094

 

 

Foreign currency forward contracts (2)
1,799

 

 
1,799

 

Total assets measured at fair value
$
141,331

 
$
139,532

 
$
1,799

 
$

Liabilities:
 
 
 
 
 
 
 
Foreign currency forward contracts (3)
$
8,192

 
$

 
$
8,192

 
$

Total liabilities measured at fair value
$
8,192

 
$

 
$
8,192

 
$


_________________________
(1) 
Included in Short-term investments on the Company’s unaudited condensed consolidated balance sheets.
(2) 
Included in Prepaid expenses and other current assets on the Company’s unaudited condensed consolidated balance sheets.
(3) 
Included in Other accrued liabilities on the Company’s unaudited condensed consolidated balance sheets.