FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Summary of the levels of the fair value hierarchy into which the Company's financial assets and liabilities falls

The following tables summarize the levels of the fair value hierarchy into which the Company's financial assets and liabilities fall as of September 30, 2014:

Financial assets:	Total		Level 1		Level 2		Level 3

Included in cash and cash equivalents
Government securities money market	$	63,987	$	—	$	63,987	$	—
Investments
U.S. treasury bills		73,999		—		73,999		—


Total financial assets	$	137,986	$	—	$	137,986	$	—

The following table summarizes the levels of the fair value hierarchy into which the Company's financial assets fall as of December 31, 2013:

Financial assets:	Total		Level 1		Level 2		Level 3

Included in cash and cash equivalents
Government securities money market	$	73,366	$	—	$	73,366	$	—
U.S. treasury bills		146,991		—		146,991		—
Bank time deposits		40,468		—		40,468		—
Investments
U.S. treasury bills		66,237		—		66,237		—
Common stock		1,904		—		—		1,904


Total financial assets	$	328,966	$	—	$	327,062	$	1,904

Schedule of changes to the Company's investment classified as Level 3

	Common Stock
January 1, 2014	$	1,904
Non-cash settlement of customer receivable		1,000
Distribution to Parent		(2,904	)


September 30, 2014	$	—




Unrealized gains (losses) related to investment still held as of September 30, 2014	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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