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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Basis used to measure the fair value of financial instruments
The following table summarizes the basis used to measure the fair values of the Company’s financial instruments (amounts in thousands):
 
 
 
Fair Value Measurements at Reporting Date, Using:
Description
June 30, 2016
 
Quoted Prices
in Active
Markets for
Identical Items
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
$
156,294

 
$
156,294

 
$

 
$

Available-for-sale securities
1,480

 

 

 
1,480

Total assets
$
157,774

 
$
156,294

 
$

 
$
1,480

 
 
 
 
 
 
 
 
Purchase consideration payable
$
4,981

 
$

 
$

 
$
4,981

Total liabilities
$
4,981

 
$

 
$

 
$
4,981

 
Description
December 31, 2015
 
Quoted Prices
in Active
Markets for
Identical Items
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
$
346,266

 
$
346,266

 
$

 
$

Available-for-sale securities
5,941

 
4,843

 


 
1,098

Total assets
$
352,207

 
$
351,109

 
$

 
$
1,098

 
 
 
 
 
 
 
 
Purchase consideration payable
$
4,967

 
$

 
$

 
$
4,967

Total liabilities
$
4,967

 
$

 
$

 
$
4,967