INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2014

The following table presents the amortized cost and gross unrealized gains and losses on all securities at March 31, 2014:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(in thousands)
Short-term Investments:
FDIC Guaranteed certificates of deposit	$	4,240	$	—	$	2	$	4,238
Common stock		2,000		—		891		1,109
Corporate notes/bonds		24,156		—		18		24,138
Commercial Paper		5,995		1		—		5,996

Total short-term investments	$	36,391	$	1	$	911	$	35,481

The following table presents the amortized cost and gross unrealized gains and losses on all securities at December 31, 2013:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(in thousands)
Short-term Investments:
FDIC Guaranteed certificates of deposit	$	6,160	$	—	$	6	$	6,154
Common stock		2,000		—		642		1,358
Corporate notes/bonds		3,058		—		1		3,057
Commercial Paper		2,998		—		—		2,998

Total short-term investments	$	14,216	$	—	$	649	$	13,567

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2014:


	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash Equivalents:
Money market funds	$	24,030	$	—	$	—	$	24,030
Investments:
Available-for-sales securities—current
FDIC Guaranteed certificates of deposit		—		4,238		—		4,238
Common stock		1,109		—		—		1,109
Corporate notes/bonds		—		24,138		—		24,138
Commercial paper		—		5,996		—		5,996

Total	$	25,139	$	34,372	$	—	$	59,511

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2013:


	Level 1		Level 2		Level 3		Total
Cash Equivalents:
Money market funds	$	15,541	$	—	$	—	$	15,541
Investments:
Available-for-sales securities—current:
FDIC Guaranteed certificates of deposit		—		6,154		—		6,154
Common stock		1,358		—		—		1,358
Corporate notes/bonds		—		3,057		—		3,057
Commercial paper		—		2,998		—		2,998

Total	$	16,899	$	12,209	$	—	$	29,108