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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
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
 
 
DECEMBER 31, 2016
(in thousands)
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash and money market accounts
 
$
196,445

 
$

 
$

 
$
196,445

Commercial paper
 

 
1,500

 

 
1,500

Total cash and cash equivalents:
 
$
196,445

 
$
1,500

 
$

 
$
197,945

Investments:
 
 
 
 
 
 
 
 
Certificates of deposit
 
$

 
$
6,923

 
$

 
$
6,923

Corporate bonds
 

 
27,544

 

 
27,544

Government agencies
 

 
1,250

 

 
1,250

Total investments
 
$

 
$
35,717

 
$

 
$
35,717

Total cash, cash equivalents, and investments:
 
$
196,445

 
$
37,217

 
$

 
$
233,662

 
 
FAIR VALUE MEASUREMENTS AS OF
 
 
DECEMBER 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