XML 30 R8.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Short-Term Investments and Fair Value Measurements | 9 Months Ended
--- | ---
Sep. 30, 2014
Short-Term Investments and Fair Value Measurements |
Short-Term Investments and Fair Value Measurements | (2) Short Term Investments and Fair Value Measurements Short term investments are summarized as follows:
|  | As of September 30, 2014 |
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Market Value |
Commercial paper |  | $ | 49,722 |  | $ | — |  | $ | (2 | ) | $ | 49,720 |
Total |  | $ | 49,722 |  | $ | — |  | $ | (2 | ) | $ | 49,720 |
|  | As of December 31, 2013 |
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Market Value |
Commercial paper |  | $ | 54,431 |  | $ | — |  | $ | (2 | ) | $ | 54,429 |
Total |  | $ | 54,431 |  | $ | — |  | $ | (2 | ) | $ | 54,429 |
The following tables present the Company’s fair value hierarchy for its assets and liabilities:
|  | As of September 30, 2014 |
|  | Aggregate Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |
Money market accounts |  | $ | 86,342 |  | $ | 86,342 |  | $ | — |  | $ | — |
Commercial paper |  | 49,720 |  | — |  | 49,720 |  | — |
Total assets measured at fair value |  | $ | 136,062 |  | $ | 86,342 |  | $ | 49,720 |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |
Acquisition related contingent consideration |  | $ | 2,470 |  | $ | — |  | $ | — |  | $ | 2,470 |
Total liabilities measured at fair value |  | $ | 2,470 |  | $ | — |  | $ | — |  | $ | 2,470 |
|  | As of December 31, 2013 |
|  | Aggregate Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |
Money market accounts |  | $ | 81,548 |  | $ | 81,548 |  | $ | — |  | $ | — |
Commercial paper |  | 54,429 |  | — |  | 54,429 |  | — |
Total assets measured at fair value |  | $ | 135,977 |  | $ | 81,548 |  | $ | 54,429 |  | $ | — |
The Company’s investments classified as level 2 are priced using quoted market prices for identical assets which are subject to infrequent transactions. Cash equivalents consist of balances in money market accounts which are classified as a level 1 measurement based on bank reporting. The Company reassesses the fair value of contingent consideration to be settled in cash related to the WebDAM acquisition on a quarterly basis using the Monte-Carlo simulation approach. This contingency is considered a level 3 measurement. Significant assumptions used in the measurement include probabilities of achieving certain milestones and discount rates which are based on unobservable inputs that are supported by little or no market activity and reflect the Company’s own assumptions in measuring fair value. As a result of a shorter discounting period, the Company recorded a change in the fair value of the contingent consideration in the amount of $70 and $110 during the three and nine months ended September 30, 2014, respectively, which is included in other (expense) income, net. As of September 30, 2014, the fair value of the contingent consideration increased to $2,470 based on its current fair value and is included in other non-current liabilities. Cash, accounts receivable, restricted cash, accounts payable, accrued expenses and deferred revenue carrying amounts approximate fair value because of the short-term maturity of these instruments. The Company’s non-financial assets, which include property and equipment, intangible assets and goodwill, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur, or if an annual impairment test is required and the Company is required to evaluate the non-financial asset for impairment, a resulting asset impairment would require that the non-financial asset be recorded at the fair value.

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13537-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13504-108611 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration