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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements
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
 
 
DECEMEBER 31, 2015
(in thousands)
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash and money market accounts
 
$
91,060

 
$

 
$

 
$
91,060

Total cash and cash equivalents:
 
$
91,060

 
$

 
$

 
$
91,060

Investments:
 
 
 
 
 
 
 
 
Certificates of deposit
 
$

 
$
18,355

 
$

 
$
18,355

Commercial paper
 

 
5,966

 

 
5,966

Corporate bonds
 

 
32,995

 

 
32,995

Government agencies
 

 
1,994

 

 
1,994

Total investments
 
$

 
$
59,310

 
$

 
$
59,310

Total cash, cash equivalents, and investments:
 
$
91,060

 
$
59,310

 
$

 
$
150,370

 
 
FAIR VALUE MEASUREMENTS AS OF
 
 
DECEMEBER 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