Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.4.0.3
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets Measured on Recurring Basis for Cash, Cash Equivalents and Short-term Investments

The following table summarizes fair value measurements by level for the assets measured at fair value on a recurring basis for cash, cash equivalents and short-term investments:

 

 

 

As of March 31, 2016

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

Short-

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

term

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

investments

 

Cash

 

$

55,309

 

 

$

 

 

$

55,309

 

 

$

55,309

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

6,765

 

 

 

 

 

 

6,765

 

 

 

6,765

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

24,036

 

 

 

(16

)

 

 

24,020

 

 

 

10,326

 

 

 

13,694

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

86,110

 

 

$

(16

)

 

$

86,094

 

 

$

72,400

 

 

$

13,694

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

Short-

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

term

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

investments

 

Cash

 

$

52,164

 

 

$

 

 

$

52,164

 

 

$

52,164

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

6,725

 

 

 

 

 

 

6,725

 

 

 

6,725

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

24,047

 

 

 

(37

)

 

 

24,010

 

 

 

7,217

 

 

 

16,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

82,936

 

 

$

(37

)

 

$

82,899

 

 

$

66,106

 

 

$

16,793

 

 

Summary of Components of Accumulated Other Comprehensive Income (Loss), Net of Tax

The components of accumulated other comprehensive income (loss), net of tax, were as follows:

 

 

Unrealized

 

 

Unrealized

 

 

Accumulated

 

 

gains (losses) on

 

 

losses

 

 

other

 

 

available-for-

 

 

on cash

 

 

comprehensive

 

 

sale investments

 

 

flow hedges

 

 

loss

 

Balance as of December 31, 2015

$

(23

)

 

$

(14

)

 

$

(37

)

Other comprehensive gain (loss), net of tax

 

11

 

 

 

(92

)

 

 

(81

)

Balance as of March 31, 2016

$

(12

)

 

$

(106

)

 

$

(118

)