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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurement
The following tables represent the financial instruments measured at fair value on a recurring basis on the financial statements of the Company and the valuation approach applied to each class of financial instruments at December 31, 2015 and 2014 (see Note 2, Summary of Significant Accounting Policies for further information):

 
December 31, 2015
 
(in thousands)
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Assets:
 

 

 

 

Money market funds (cash equivalents)
$
5,221

$

$

$
5,221

Corporate notes and bonds

9,332


9,332

Asset-backed securities

2,507


2,507

Total assets measured at fair value
$
5,221

11,839

$

$
17,060

 
 
December 31, 2014
 
(in thousands)
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)  
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:
 

 

 

 

Money market funds (cash equivalents)
$
13,127

$

$

$
13,127

Corporate notes and bonds

12,974


12,974

Asset-backed securities

141


141

Total assets measured at fair value
$
13,127

$
13,115

$

$
26,242