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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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
JUNE 30, 2015
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents:
 
 
 
 
 
 
 
Cash and money market accounts
$
100,916

 
$

 
$

 
$
100,916

Total cash and cash equivalents
$
100,916

 
$

 
$

 
$
100,916

Investments:
 
 
 
 
 
 
 
Certificates of deposit
$

 
$
27,314

 
$

 
$
27,314

Commercial paper

 
5,990

 

 
5,990

Corporate bonds

 
24,179

 

 
24,179

Government agencies

 
4,530

 

 
4,530

Total investments
$

 
$
62,013

 
$

 
$
62,013

Total cash, cash equivalents, and investments
$
100,916

 
$
62,013

 
$

 
$
162,929

 
 
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