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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Summary of Financial Assets, and Liabilities, Allocated into Level 1, Level 2, and Level 3 Measured on Recurring Basis

The following table sets forth the fair value of our financial assets and liabilities, allocated into Level 1, Level 2, and Level 3, that was measured on a recurring basis (in thousands):

 

 

March 31, 2014

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

25,344

 

 

$

 

 

$

 

 

$

25,344

 

Corporate notes and commercial paper

 

 

 

 

176,478

 

 

 

 

 

 

176,478

 

U.S. government agency securities

 

 

 

 

78,031

 

 

 

 

 

 

78,031

 

Foreign currency forward contracts

 

 

 

 

245

 

 

 

 

 

 

245

 

Total financial assets

$

25,344

 

 

$

254,754

 

 

$

 

 

$

280,098

 

 

 

 

December 31, 2013

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

57,296

 

 

$

 

 

$

 

 

$

57,296

 

Corporate notes and commercial paper

 

 

 

 

182,472

 

 

 

 

 

 

182,472

 

U.S. government agency securities

 

 

 

 

75,289

 

 

 

 

 

 

75,289

 

Foreign currency forward contracts

 

 

 

 

372

 

 

 

 

 

 

372

 

Total financial assets

$

57,296

 

 

$

258,133

 

 

$

 

 

$

315,429