Investments (Tables)

12 Months Ended

Dec. 31, 2015

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 December 31, 2015:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(in thousands)
Short-term Investments:
FDIC Guaranteed certificates of deposit	$	1,920	$	—	$	—	$	1,920
Corporate Notes/Bonds		6,980		—		5		6,975
Total short-term investments	$	8,900	$	—	$	5	$	8,895

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

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(in thousands)
Short-term Investments:
FDIC Guaranteed certificates of deposit	$	2,120	$	—	$	2	$	2,118
Corporate Notes/Bonds		18,458		—		14		18,444
Total short-term investments	$	20,578	$	—	$	16	$	20,562

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 December 31, 2015:

	Level 1		Level 2		Level 3		Total
Cash Equivalents:
Money market funds	$	17,702	$	—	$	—	$	17,702
Investments:
Available-for-sales securities—current:
FDIC Guaranteed certificates of deposit		—		1,920		—		1,920
Corporate notes/bonds		—		6,975		—		6,975
Total	$	17,702	$	8,895	$	—	$	26,597

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

	Level 1		Level 2		Level 3		Total
Cash Equivalents:
Money market funds	$	21,963	$	—	$	—	$	21,963
Investments:
Available-for-sales securities—current:
FDIC Guaranteed certificates of deposit		—		2,118		—		2,118
Corporate notes/bonds		—		18,444		—		18,444
Total	$	21,963	$	20,562	$	—	$	42,525