Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v2.4.0.8
Fair Value (Tables)
6 Months Ended
Jun. 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 June 30, 2014

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Money market funds

 

$

12,482 

 

$

 

$

 

$

12,482 

 

U. S. treasury bills

 

 

2,049 

 

 

2,049 

 

Government-sponsored enterprise securities

 

 

57,510 

 

 

57,510 

 

Corporate bonds and commercial paper

 

 

103,588 

 

 

103,588 

 

Total

 

$

12,482 

 

$

163,147 

 

$

 

$

175,629 

 

 

 

 

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