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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Assets and Liabilities that are Measured at Fair Value and the Classification by Level of Input within Fair Value Hierarchy
The following tables summarize the fair value of financial assets and liabilities that are measured at fair value and the classification by level of input within the fair value hierarchy:
 
 
FAIR VALUE MEASUREMENTS AS OF
MARCH 31, 2015
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents:
 
 
 
 
 
 
 
Cash and money market accounts
$
113,450

 
$

 
$

 
$
113,450

Total cash and cash equivalents
$
113,450

 
$

 
$

 
$
113,450

Investments:
 
 
 
 
 
 
 
Certificates of deposit
$

 
$
29,246

 
$

 
$
29,246

Commercial paper

 
5,993

 

 
5,993

Corporate bonds

 
24,568

 

 
24,568

Government agencies

 
6,053

 

 
6,053

Total investments
$

 
$
65,860

 
$

 
$
65,860

Total cash, cash equivalents, and investments
$
113,450

 
$
65,860

 
$

 
$
179,310

 
 
FAIR VALUE MEASUREMENTS AS OF
DECEMBER 31, 2014
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents:
 
 
 
 
 
 
 
Cash and money market accounts
$
84,613

 
$

 
$

 
$
84,613

Certificates of deposit

 
472

 

 
472

Corporate bonds

 
501

 

 
501

Total cash and cash equivalents
$
84,613

 
$
973

 
$

 
$
85,586

Investments:
 
 
 
 
 
 
 
Certificates of deposit
$

 
$
30,241

 
$

 
$
30,241

Commercial paper

 
5,986

 

 
5,986

Corporate bonds

 
30,311

 

 
30,311

Government agencies

 
6,076

 

 
6,076

Total investments
$

 
$
72,614

 
$

 
$
72,614

Total cash, cash equivalents, and investments
$
84,613

 
$
73,587

 
$

 
$
158,200