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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized below:
 
Fair Value Measurements as of June 30, 2019
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Description
 
 
 
 
 
 
 
Cash equivalents (a)
$
41,077

 
$

 
$

 
$
41,077

Israeli severance funds (b)
$

 
$
7,115

 
$

 
$
7,115


 
 
 
 
 
 
 
 
Fair Value Measurements as of December 31, 2018
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Description
 
 
 
 
 
 
 
Cash equivalents (a)
$
6,141

 
$

 
$

 
$
6,141

Israeli severance funds (b)
$

 
$
6,822

 
$

 
$
6,822


(a)
Cash equivalents include funds held in money market instruments and are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments and are included in cash and cash equivalents in the consolidated balance sheet.

(b)
The Company partially funds the liability for its Israeli severance requirement through monthly deposits into fund accounts, the value of these contributions are recorded to non-current assets on the consolidated balance sheet.