v2.4.0.8

Fair Value Measurements of Financial Assets and Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2014
Assets Measured at Fair Value on Recurring Basis | The following table represents information about the Company’s investments measured at fair value (in thousands).
|  | Fair value of investments as of September 30, 2014 |
|  | Total |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Money market funds (1) |  | $ | 2,709 |  |  | $ | 2,709 |  |  | $ | — |  |  | $ | — |
Corporate bonds (2) |  |  | 34,930 |  |  |  | — |  |  |  | 34,930 |  |  |  | — |
|  | $ | 37,639 |  |  | $ | 2,709 |  |  | $ | 34,390 |  |  | $ | — |
|  | Fair value of investments as of December 31, 2013 |
|  | Total |  |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Money market funds (1) |  | $ | 6,088 |  |  | $ | 6,088 |  |  | $ | — |  |  | $ | — |
Term deposits (1) |  |  | 7,122 |  |  |  | 7,122 |  |  |  | — |  |  |  | — |
Commercial paper (2) |  |  | 4,498 |  |  |  | — |  |  |  | 4,498 |  |  |  | — |
Corporate bonds (2) |  |  | 32,652 |  |  |  | — |  |  |  | 32,652 |  |  |  | — |
Federal and municipal obligations (3) |  |  | 4,000 |  |  |  | — |  |  |  | 4,000 |  |  |  | — |
|  | $ | 54,360 |  |  | $ | 13,210 |  |  | $ | 41,150 |  |  | $ | — |
(1) | Included in cash and cash equivalents in the Company’s Condensed Consolidated Balance Sheet.
(2) | Included in short-term investments in the Company’s Condensed Consolidated Balance Sheet.
(3) | Of this amount, approximately $3 million was included in cash equivalents at December 31, 2013 and the remainder was included in short-term investments in the Company’s Condensed Consolidated Balance Sheet.
Summary of Cash, Cash Equivalents and Short-Term Investments | The Company’s cash, cash equivalents, and short-term investments are as follows (in thousands):
|  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Balance at September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified as cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 20,697 |  |  | $ | — |  |  | $ | — |  |  | $ | 20,697 |
Money market funds |  |  | 2,709 |  |  |  | — |  |  |  | — |  |  |  | 2,709 |
|  |  | 23,406 |  |  |  | — |  |  |  | — |  |  |  | 23,406 |
Classified as short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds (4) |  |  | 34,973 |  |  |  | 8 |  |  |  | (51 | ) |  |  | 34,930 |
|  |  | 34,973 |  |  |  | 8 |  |  |  | (51 | ) |  |  | 34,930 |
Total |  | $ | 58,379 |  |  | $ | 8 |  |  | $ | (51 | ) |  | $ | 58,336 |
(4) | Securities totaling approximately $18.9 million were in an unrealized loss position at September 30, 2014. None of these securities were in a continuous unrealized loss position for greater than 12 months.
|  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Balance at December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified as cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 25,540 |  |  | $ | — |  |  | $ | — |  |  | $ | 25,540 |
Term deposits |  |  | 7,122 |  |  |  | — |  |  |  | — |  |  |  | 7,122 |
Money market funds |  |  | 6,088 |  |  |  | — |  |  |  | — |  |  |  | 6,088 |
Federal and municipal obligations |  |  | 3,000 |  |  |  | — |  |  |  | — |  |  |  | 3,000 |
|  |  | 41,750 |  |  |  | — |  |  |  | — |  |  |  | 41,750 |
Classified as short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper (5) |  |  | 4,498 |  |  |  | — |  |  |  | — |  |  |  | 4,498 |
Corporate bonds (5) |  |  | 32,654 |  |  |  | — |  |  |  | (2 | ) |  |  | 32,652 |
Federal and municipal obligations |  |  | 1,000 |  |  |  | — |  |  |  | — |  |  |  | 1,000 |
|  |  | 38,152 |  |  |  | — |  |  |  | (2 | ) |  |  | 38,150 |
Total |  | $ | 79,902 |  |  | $ | — |  |  | $ | (2 | ) |  | $ | 79,900 |
(5) | Securities totaling approximately $18.1 million were in an unrealized loss position at December 31, 2013. None of these securities were in a continuous unrealized loss position for greater than 12 months.

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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 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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- 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 + Details
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