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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2014
Fair Value Measurements  
Schedule of fair values of the assets and liabilities

The following table summarizes the conclusions reached as of March 31, 2014 and December 31, 2013 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

 

 

 

 

 

 

 

 

 

March 31,  2014

 

Level 1

 

Level 2

 

Level 3

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$
58,441 

 

$
58,441 

 

$

 -

 

$

 -

 

 

$
58,441 

 

$
58,441 

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Level 1

 

Level 2

 

Level 3

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$
68,437 

 

$
68,437 

 

$

 -

 

$

 -

 

 

$
68,437 

 

$
68,437 

 

$

 -

 

$

 -

 

(1)

Money market funds are classified as cash equivalents in the Company’s unaudited consolidated balance sheets. As short-term, highly liquid investments readily convertible to known amounts of cash, with remaining maturities of three months or less at the time of purchase, the Company’s cash equivalent money market funds have carrying values that approximate fair value. Amounts do not include $39.6 million and $30.8 million of operating cash balances as of March 31, 2014 and December 31, 2013, respectively.