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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