Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v2.4.0.8
Fair Value (Tables)
9 Months Ended
Sep. 30, 2013
Fair Value  
Schedule of financial assets measured at fair value on a recurring basis

Financial assets measured at fair value on a recurring basis are categorized in the tables below based upon the lowest level of significant input to the valuations (in thousands):

 

 

 

Assets at Fair Value as of September 30, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Money market funds

 

$

14,437

 

$

 

$

 

$

14,437

 

U. S. treasury bills

 

 

2,104

 

 

2,104

 

Government-sponsored enterprise securities

 

 

80,867

 

 

80,867

 

Corporate bonds and commercial paper

 

 

133,380

 

 

133,380

 

Total

 

$

14,437

 

$

216,351

 

$

 

$

230,788

 

 

 

 

Assets at Fair Value as of December 31, 2012

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Money market funds

 

$

23,936

 

$

 

$

 

$

23,936

 

Government-sponsored enterprise securities

 

 

77,047

 

 

77,047

 

Corporate bonds and commercial paper

 

 

197,007

 

 

197,007

 

Total

 

$

23,936

 

$

274,054

 

$

 

$

297,990