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Investments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Investments and Fair Value Measurements [Abstract]

Cash, cash equivalents and investments

As of September 30, 2015 and December 31, 2014, our cash, cash equivalents and investments are classified as follows (in thousands):

		September 30, 2015												December 31, 2014
					Gross			Gross									Gross			Gross
		Amortized			Unrealized			Unrealized			Fair			Amortized			Unrealized			Unrealized			Fair
		Cost			Gain			(Loss)			Value			Cost			Gain			(Loss)			Value
Classified as:
Cash		$	15,723		$	—		$	—		$	15,723		$	22,337		$	—		$	—		$	22,337
Cash equivalents:
Certificates of deposit 1			10,462			—			—			10,462			6,454			—			—			6,454
Money market fund			—			—			—			—			23			—			—			23
Total cash and cash equivalents			26,185			—			—			26,185			28,814			—			—			28,814
Investments(available for sale):
Certificates of deposit 2			10,053			3			(6)			10,050			10,195			1			(13)			10,183
Corporate bonds			8,825			—			(38)			8,787			9,214			1			(29)			9,186
Corporate equity securities			200			227			—			427			44			710			—			754
Total investments			19,078			230			(44)			19,264			19,453			712			(42)			20,123
Total cash, cash equivalents and investments		$	45,263		$	230		$	(44)		$	45,449		$	48,267		$	712		$	(42)		$	48,937
Contractual maturities on investments:
Due within 1 year		$	8,327								$	8,551		$	11,631								$	12,340
Due after 1 through 5 years			10,751									10,713			7,822									7,783
		$	19,078								$	19,264		$	19,453								$	20,123

1. Certificate of deposit with original maturities of less than 90 days.

2. Certificate of deposit with original maturities of more than 90 days.

Fair value and gross unrealized losses related to available-for-sale securities

The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2015 (in thousands):

		In Loss Position						In Loss Position						Total In
		< 12 months						> 12 months						Loss Position
					Gross						Gross						Gross
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
As of September 30, 2015		Value			(Losses)			Value			(Losses)			Value			(Losses)
Investments:
Certificates of deposit		$	4,274		$	(6)		$	720		$	—		$	4,994		$	(6)
Corporate bonds			6,917			(35)			1,871			(3)			8,788		$	(38)
Total in loss position		$	11,191		$	(41)		$	2,591		$	(3)		$	13,782		$	(44)

The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2014 (in thousands):

		In Loss Position						In Loss Position						Total In
		< 12 months						> 12 months						Loss Position
					Gross						Gross						Gross
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
As of December 31, 2014		Value			(Loss)			Value			(Loss)			Value			(Loss)
Investments:
Certificates of deposit		$	4,492		$	(13)		$	—		$	—		$	4,492		$	(13)
Corporate bonds			3,770			(27)			4,309			(2)			8,079		$	(29)
Total in loss position		$	8,262		$	(40)		$	4,309		$	(2)		$	12,571		$	(42)

Summary of financial assets and liabilities measured at fair value on a recurring basis

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis in accordance with ASC 820 as of September 30, 2015 (in thousands):

					Quoted Prices in						Significant
					Active Markets of			Significant Other			Unobservable
		Balance as of			Identical Assets			Observable Inputs			Inputs
		September 30, 2015			(Level 1)			(Level 2)			(Level 3)
Assets:
Cash equivalents and investments:
Certificates of deposit		$	10,050		$	—		$	10,050		$	—
Corporate bonds			8,787			—			8,787			—
Corporate equity securities			427			427			—			—
Total		$	19,264		$	427		$	18,837		$	—
Liabilities:
Foreign currency hedge obligations		$	25		$	—		$	—		$	25

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis in accordance with ASC 820 as of December 31, 2014 (in thousands):

					Quoted Prices in						Significant
					Active Markets of			Significant Other			Unobservable
		Balance as of			Identical Assets			Observable Inputs			Inputs
		December 31, 2014			(Level 1)			(Level 2)			(Level 3)
Assets:
Cash equivalents and investments:
Money market fund		$	23		$	23		$	—		$	—
Certificates of deposit			10,183			—			10,183			—
Corporate bonds			9,186			—			9,186			—
Corporate equity securities			754			754			—			—
Total		$	20,146		$	777		$	19,369		$	—
Liabilities		$	—		$	—		$	—		$	—

X

- Definition

Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities.

+ References

No definition available.

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- Definition

Tabular disclosure of the components of cash, cash equivalents, and investments.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 820



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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