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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities 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):

 

 

September 30, 2014

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

13,588

 

 

$

 

 

$

 

 

$

13,588

 

Corporate notes and commercial paper

 

 

 

 

164,006

 

 

 

 

 

 

164,006

 

U.S. government agency securities

 

 

 

 

60,996

 

 

 

 

 

 

60,996

 

Total financial assets

$

13,588

 

 

 

225,002

 

 

$

 

 

 

238,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

$

 

 

$

(68

)

 

$

 

 

$

(68

)

Total financial liabilities

$

 

 

$

(68

)

 

$

 

 

$

(68

)

 

 

 

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