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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2017
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
March 31, 2017
 
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
$
307,425

 
$
307,425

 
$

 
$

Available-for-sale securities
1,310

 
1,268

 

 
42

Total assets
$
308,735

 
$
308,693

 
$

 
$
42

 
 
 
 
 
 
 
 
Purchase consideration payable
$
4,994

 
$

 
$

 
$
4,994

Total liabilities
$
4,994

 
$

 
$

 
$
4,994

 
Description
December 31, 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
$
200,772

 
$
200,772

 
$

 
$

Available-for-sale securities
1,106

 
1,074

 

 
32

Total assets
$
201,878

 
$
201,846

 
$

 
$
32

 
 
 
 
 
 
 
 
Purchase consideration payable
$
4,994

 
$

 
$

 
$
4,994

Total liabilities
$
4,994

 
$

 
$

 
$
4,994