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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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):

 

 

June 30, 2014

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

6,692

 

 

$

 

 

$

 

 

$

6,692

 

Corporate notes and commercial paper

 

 

 

 

191,158

 

 

 

 

 

 

191,158

 

U.S. government agency securities

 

 

 

 

67,068

 

 

 

 

 

 

67,068

 

Foreign currency forward contracts

 

 

 

 

121

 

 

 

 

 

 

121

 

Total financial assets

$

6,692

 

 

$

258,347

 

 

$

 

 

$

265,039

 

 

 

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