Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v2.4.0.8
Fair Value (Tables)
 9 Months Ended
Sep. 30, 2014
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, 2014

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Money market funds

 

$
8,754 

 

$

—

 

$

—

 

$
8,754 

 

U. S. treasury bills

 

—

 
2,029 

 

—

 
2,029 

 

Government-sponsored enterprise securities

 

—

 
52,093 

 

—

 
52,093 

 

Corporate bonds and commercial paper

 

—

 
94,036 

 

—

 
94,036 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
8,754 

 

$
148,158 

 

$

—

 

$
156,912 

 

 

 

 

Assets at Fair Value as of December 31, 2013

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Money market funds

 

$
9,059 

 

$

—

 

$

—

 

$
9,059 

 

U. S. treasury bills

 

—

 
2,085 

 

—

 
2,085 

 

Government-sponsored enterprise securities

 

—

 
67,178 

 

—

 
67,178 

 

Corporate bonds and commercial paper

 

—

 
133,458 

 

—

 
133,458 

 

Total

 

$
9,059 

 

$
202,721 

 

$

—

 

$
211,780