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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2014
Fair Value of Financial Instruments |
Schedule of estimated fair values of financial instruments outstanding | The estimated fair values of financial instruments outstanding were as follows (in thousands):
|  | September 30, 2014 |
|  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |
Cash and cash equivalents |  | $ | 4,685 |  | $ | — |  | $ | — |  | $ | 4,685 |
Short-term investments: |  |  |  |  |  |  |  |  |
U.S. government-sponsored enterprise bonds |  | $ | 2,252 |  | $ | 1 |  | $ | — |  | $ | 2,253 |
Municipal bonds |  | 3,424 |  | 1 |  | — |  | 3,425 |
Corporate notes |  | 12,609 |  | 10 |  | (5 | ) | 12,614 |
Certificates of deposit |  | 3,624 |  | 1 |  | — |  | 3,625 |
Total short-term investments |  | $ | 21,909 |  | $ | 13 |  | $ | (5 | ) | $ | 21,917 |
Long-term investments: |  |  |  |  |  |  |  |  |
U.S. government-sponsored enterprise bonds |  | $ | 1,000 |  | $ | — |  | $ | (5 | ) | $ | 995 |
Corporate notes |  | 6,070 |  | — |  | (10 | ) | 6,060 |
Total long-term investments |  | $ | 7,070 |  | $ | — |  | $ | (15 | ) | $ | 7,055 |
|  | December 31, 2013 |
|  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |
Cash and cash equivalents |  | $ | 4,364 |  | $ | — |  | $ | — |  | $ | 4,364 |
Short-term investments: |  |  |  |  |  |  |  |  |
U.S. government-sponsored enterprise bonds |  | $ | 6,543 |  | $ | — |  | $ | (1 | ) | $ | 6,542 |
Municipal bonds |  | 13,401 |  | 11 |  | — |  | 13,412 |
Corporate notes |  | 7,245 |  | 2 |  | (2 | ) | 7,245 |
Certificates of deposit |  | 4,994 |  | 1 |  | (2 | ) | 4,993 |
Total short-term investments |  | $ | 32,183 |  | $ | 14 |  | $ | (5 | ) | $ | 32,192 |
Long-term investments: |  |  |  |  |  |  |  |  |
U.S. government-sponsored enterprise bonds |  | $ | 2,752 |  | $ | — |  | $ | — |  | $ | 2,752 |
Municipal bonds |  | 264 |  | — |  | — |  | 264 |
Corporate notes |  | 9,466 |  | 9 |  | (1 | ) | 9,474 |
Certificates of deposit |  | 1,440 |  | — |  | (4 | ) | 1,436 |
Total long-term investments |  | $ | 13,922 |  | $ | 9 |  | $ | (5 | ) | $ | 13,926 |
Schedule of estimated fair values of available-for-sale securities with unrealized losses | The estimated fair values of available-for-sale securities with unrealized losses were as follows (in thousands):
|  | September 30, 2014 |
|  | Cost |  | Unrealized Losses |  | Fair Value |
Short-term investments: |  |  |  |  |  |  |
Corporate notes |  | $ | 2,188 |  | $ | (5 | ) | $ | 2,183 |
Total short-term investments |  | $ | 2,188 |  | $ | (5 | ) | $ | 2,183 |
Long-term investments: |  |  |  |  |  |  |
U.S. government-sponsored enterprise bonds |  | $ | 1,000 |  | $ | (5 | ) | $ | 995 |
Corporate notes |  | 6,070 |  | (10 | ) | 6,060 |
Total long-term investments |  | $ | 7,070 |  | $ | (15 | ) | $ | 7,055 |
|  | December 31, 2013 |
|  | Cost |  | Unrealized Losses |  | Fair Value |
Short-term investments: |  |  |  |  |  |  |
U.S. government-sponsored enterprise and municipal bonds |  | $ | 5,289 |  | $ | (1 | ) | $ | 5,288 |
Corporate notes |  | 3,844 |  | (2 | ) | 3,842 |
Certificates of deposit |  | 3,080 |  | (2 | ) | 3,078 |
Total short-term investments |  | $ | 12,213 |  | $ | (5 | ) | $ | 12,208 |
Long-term investments: |  |  |  |  |  |  |
U.S. government-sponsored enterprise bonds |  | $ | 1,253 |  | $ | — |  | $ | 1,253 |
Corporate notes |  | 1,001 |  | (1 | ) | 1,000 |
Certificates of deposit |  | 1,440 |  | (4 | ) | 1,436 |
Total short-term investments |  | $ | 3,694 |  | $ | (5 | ) | $ | 3,689 |
Schedule of cost and fair value of investments based on maturity groups | Cost and fair value of investments based on two maturity groups were as follows (in thousands):
|  | September 30, 2014 |
|  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |
Due within 1 year |  | $ | 21,909 |  | $ | 13 |  | $ | (5 | ) | $ | 21,917 |
Due in 1-2 years |  | 7,070 |  | — |  | (15 | ) | 7,055 |
Total |  | $ | 28,979 |  | $ | 13 |  | $ | (20 | ) | $ | 28,972 |
|  | December 31, 2013 |
|  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |
Due within 1 year |  | $ | 32,183 |  | $ | 14 |  | $ | (5 | ) | $ | 32,192 |
Due in 1-2 years |  | 13,922 |  | 9 |  | (5 | ) | 13,926 |
Total |  | $ | 46,105 |  | $ | 23 |  | $ | (10 | ) | $ | 46,118 |
Schedule of fair value hierarchy for financial assets (cash equivalents and investments) | The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments) as of September 30, 2014 and December 31, 2013 (in thousands):
|  | September 30, 2014 |
|  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Money market funds |  | $ | 3,661 |  | $ | 3,661 |  | $ | — |  | $ | — |
Certificates of deposit |  | 3,625 |  | — |  | 3,625 |  | — |
Corporate notes |  | 18,674 |  | — |  | 18,674 |  | — |
U.S. government-sponsored enterprise bonds |  | 3,248 |  | — |  | 3,248 |  | — |
Municipal bonds |  | 3,425 |  | — |  | 3,425 |  | — |
Total assets |  | $ | 32,633 |  | $ | 3,661 |  | $ | 28,972 |  | $ | — |
|  | December 31, 2013 |
|  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Money market funds |  | $ | 3,012 |  | $ | 3,012 |  | $ | — |  | $ | — |
Certificates of deposit |  | 6,429 |  | — |  | 6,429 |  | — |
Corporate notes |  | 16,719 |  | — |  | 16,719 |  | — |
U.S. government-sponsored enterprise bonds |  | 9,295 |  | — |  | 9,295 |  | — |
Municipal bonds |  | 13,675 |  | — |  | 13,675 |  | — |
Total assets |  | $ | 49,130 |  | $ | 3,012 |  | $ | 46,118 |  | $ | — |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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