Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.7.0.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

securities

 

Cash

 

$

51,200

 

 

$

 

 

$

51,200

 

 

$

51,200

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

46,162

 

 

 

 

 

 

46,162

 

 

 

46,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

13,586

 

 

 

(4

)

 

 

13,582

 

 

 

1,718

 

 

 

11,864

 

Corporate bonds

 

 

13,316

 

 

 

(21

)

 

 

13,295

 

 

 

6,025

 

 

 

7,270

 

Agency mortgage-backed securities

 

 

4,005

 

 

 

(4

)

 

 

4,001

 

 

 

 

 

 

4,001

 

Total

 

$

128,269

 

 

$

(29

)

 

$

128,240

 

 

$

105,105

 

 

$

23,135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2016

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

securities

 

Cash

 

$

48,533

 

 

$

 

 

$

48,533

 

 

$

48,533

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

39,277

 

 

 

 

 

 

39,277

 

 

 

39,277

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

15,904

 

 

 

(8

)

 

 

15,896

 

 

 

5,041

 

 

 

10,855

 

Corporate bonds

 

 

10,200

 

 

 

(22

)

 

 

10,178

 

 

 

 

 

 

10,178

 

Agency mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

113,914

 

 

$

(30

)

 

$

113,884

 

 

$

92,851

 

 

$

21,033

 

 

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:

 

 

 

March 31,

 

 

 

2017

 

Due within one year

 

$

23,135

 

 

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, 2016

 

$

(82

)

 

$

47

 

 

$

(35

)

Other comprehensive gain (loss), net of tax

 

 

64

 

 

 

(3

)

 

 

61

 

Balance as of March 31, 2017

 

$

(18

)

 

$

44

 

 

$

26