Annual report pursuant to Section 13 and 15(d)

FAIR VALUE (Tables)

v2.4.1.9
FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2014

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Money market funds

 

$

10,027 

 

$

—

 

$

—

 

$

10,027 

 

U. S. treasury bills

 

 

—

 

 

2,010 

 

 

—

 

 

2,010 

 

Government-sponsored enterprise securities

 

 

—

 

 

45,786 

 

 

—

 

 

45,786 

 

Corporate bonds and commercial paper

 

 

—

 

 

85,161 

 

 

—

 

 

85,161 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

 

$

10,027 

 

$

132,957 

 

$

—

 

$

142,984 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​  

 

                                                                                                                                                                                    

 

 

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 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​