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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Summary of Company's Financial Assets Carried at Fair Value

The following table summarizes the basis used to measure certain of the Company’s financial assets that are carried at fair value (in thousands):

 

     Basis of Fair Value Measurements  
     Balance      Quoted Prices
in Active
Markets for
Identical
Items
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Balance at December 31, 2013

           

Cash equivalents — money market funds

   $ 28,210       $ 28,210       $ —        $ —    

Cash equivalents — bank deposits

     5,001         —          5,001         —    

Short-term marketable securities — U.S. government agency securities

     100,299         75,288         25,011         —    

Balance at June 30, 2014

           

Cash equivalents - money market funds

     27,504         27,504         —          —    

Cash equivalents - bank deposits

     5,021         —          5,021         —    

Short-term marketable securities - U.S. government agency securities

     100,170         95,168         5,002         —