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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Measurements  
Schedule of financial instruments measured at fair value on recurring basis

 

 

 

 

Actively Quoted
Markets for
Identical Assets
Level 1

 

Significant Other
Observable
Inputs
Level 2

 

Significant
Unobservable
Inputs
Level 3

 

Balance at
June 30,
2013

 

 

 

(In thousands)

 

As of June 30, 2013:

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Money market deposits

 

$

7,128

 

$

 

$

 

$

7,128

 

U.S. Treasury securities

 

1,259

 

 

 

1,259

 

Debt securities of U.S. government-sponsored entities

 

 

1,115

 

 

1,115

 

Commercial paper

 

 

53,685

 

 

53,685

 

Corporate debt securities

 

 

25,569

 

 

25,569

 

Total

 

$

8,387

 

$

80,369

 

$

 

$

88,756

 

 

 

 

Actively Quoted
Markets for
Identical Assets
 Level 1

 

Significant Other
 Observable
 Inputs
 Level 2

 

Significant
 Unobservable
 Inputs
 Level 3

 

Balance at
 December 31,
 2012

 

 

 

(In thousands)

 

As of December 31, 2012:

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Money market deposits

 

$

7,403

 

$

 

$

 

$

7,403

 

U.S. Treasury securities

 

1,276

 

 

 

1,276

 

Debt securities of U.S. government-sponsored entities

 

 

761

 

 

761

 

Commercial paper

 

 

33,888

 

 

33,888

 

Corporate debt securities

 

 

52,102

 

 

52,102

 

Total

 

$

8,679

 

$

86,751

 

$

 

$

95,430

 

Summary of available-for-sale marketable securities

 

 

 

 

June 30, 2013

 

 

 

Amortized
Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Estimated
Fair Value

 

 

 

(In thousands)

 

U.S. Treasury securities

 

$

1,258

 

$

1

 

$

 

$

1,259

 

Debt securities of U.S. government-sponsored entities

 

1,115

 

 

 

1,115

 

Commercial paper

 

46,451

 

34

 

 

46,485

 

Corporate debt securities

 

25,583

 

1

 

(15

)

25,569

 

Total

 

$

74,407

 

$

36

 

$

(15

)

$

74,428

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

Amortized
Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Estimated
Fair Value

 

 

 

(In thousands)

 

U.S. Treasury securities

 

$

1,275

 

$

1

 

$

 

$

1,276

 

Debt securities of U.S. government-sponsored entities

 

761

 

 

 

761

 

Commercial paper

 

28,854

 

35

 

 

28,889

 

Corporate debt securities

 

50,155

 

2

 

(23

)

50,134

 

Total

 

$

81,045

 

$

38

 

$

(23

)

$

81,060