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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy for Financial Assets Measured at Fair Value on Recurring Basis

The following table represents the fair value hierarchy for our financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 (in thousands):

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

30,847

 

 

$

-

 

 

$

-

 

 

$

30,847

 

U.S. government agency securities

 

-

 

 

 

56,895

 

 

 

-

 

 

 

56,895

 

Total

$

30,847

 

 

$

56,895

 

 

$

-

 

 

$

87,742

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

46,989

 

 

$

-

 

 

$

-

 

 

$

46,989

 

U.S. government agency securities

 

-

 

 

 

73,141

 

 

 

-

 

 

 

73,141

 

Total

$

46,989

 

 

$

73,141

 

 

$

-

 

 

$

120,130