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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets Measured on Recurring Basis

The following table presents the balances of assets measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015:

 

 

 

September 30, 2016

 

 

December 31, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

 

 

$

547

 

 

$

 

 

$

 

 

$

1,083

 

 

$

 

Commercial paper

 

 

 

 

 

136,283

 

 

 

 

 

 

 

 

 

113,586

 

 

 

 

Corporate bonds

 

 

 

 

 

18,094

 

 

 

 

 

 

 

 

 

41,473

 

 

 

 

U.S. government agency bonds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,004

 

 

 

 

Total

 

$

 

 

$

154,924

 

 

$

 

 

$

 

 

$

165,146

 

 

$