Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.5.0.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets Measured on Recurring Basis for Cash, Cash Equivalents and Marketable Securities

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 marketable securities:

 

 

 

As of September 30, 2016

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

securities

 

Cash

 

$

43,454

 

 

$

 

 

$

43,454

 

 

$

43,454

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

39,793

 

 

 

 

 

 

39,793

 

 

 

39,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

14,782

 

 

 

 

 

 

14,782

 

 

 

2,762

 

 

 

12,020

 

Corporate bonds

 

 

10,321

 

 

 

(10

)

 

 

10,311

 

 

 

 

 

 

10,311

 

Total

 

$

108,350

 

 

$

(10

)

 

$

108,340

 

 

$

86,009

 

 

$

22,331

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

securities

 

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 Estimated Fair Value of Company's Investments in Marketable Debt Securities, Accounted for as Available-for-Sale Securities

The following table summarizes the estimated fair value of the Company’s investments in marketable securities, accounted for as available-for-sale securities and classified by the contractual maturity date of the securities:

 

 

 

September 30,

 

 

 

2016

 

Due within one year

 

$

15,081

 

Due in one year through five years

 

 

7,250

 

Total

 

$

22,331

 

 

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

 

 

gains (losses)

 

 

other

 

 

available-for-

 

 

on cash

 

 

comprehensive

 

 

sale investments

 

 

flow hedges

 

 

income (loss)

 

Balance as of December 31, 2015

$

(23

)

 

$

(14

)

 

$

(37

)

Other comprehensive gain, net of tax

 

16

 

 

 

27

 

 

 

43

 

Balance as of September 30, 2016

$

(7

)

 

$

13

 

 

$

6