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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 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
September 30, 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
$
345,380

 
$
345,380

 
$

 
$

Nicox stock with lockup provisions
33

 

 

 
33

Total assets
$
345,413

 
$
345,380

 
$

 
$
33

 
 
 
 
 
 
 
 
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