Investments (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Gross Unrealized Gains and Losses on All Securities

The following table presents the amortized cost and gross unrealized gains and losses on all securities at September 30, 2014:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(in thousands)
Short-term Investments:
FDIC Guaranteed certificates of deposit	$	4,040	$	—	$	4	$	4,036
Common stock		2,000		267		—		2,267
Corporate notes/bonds		21,535		—		10		21,525
Total short-term investments	$	27,575	$	267	$	14	$	27,828

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

Summarized Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2014:

	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash Equivalents:
Money market funds	$	22,389	$	—	$	—	$	22,389
Investments:
Available-for-sales securities – current
FDIC Guaranteed certificates of deposit		—		4,036		—		4,036
Common stock		2,267		—		—		2,267
Corporate notes/bonds		—		21,525		—		21,525
Total	$	24,656	$	25,561	$	—	$	50,217

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
	(in thousands)
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