Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v2.4.0.8
Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis(Tables)
The composition of financial instruments is as follows:
 
September 30, 2014
Amortized
Cost
 
Gross Unrealized
 
Fair
Value
Gains
 
Losses
 
Money market funds
$
603

 
$
—

 
$
—

 
$
603

Government debt securities
23,419

 
13

 
—

 
23,432

Corporate debt securities
36,451

 
6

 
(27
)
 
36,430

 
60,473

 
19

 
(27
)
 
60,465

Less amounts included in cash and cash equivalents
(603
)
 
—

 
—

 
(603
)
 
$
59,870

 
$
19

 
$
(27
)
 
$
59,862

 
December 31, 2013
Amortized
Cost
 
Gross Unrealized
 
Fair
Value
Gains
 
Losses
 
Money market funds
$
406

 
$
—

 
$
—

 
$
406

Government debt securities
26,532

 
10

 
(5
)
 
26,537

Corporate debt securities
33,355

 
17

 
(4
)
 
33,368

 
60,293

 
27

 
(9
)
 
60,311

Less amounts included in cash and cash equivalents
(406
)
 
—

 
—

 
(406
)
 
$
59,887

 
$
27

 
$
(9
)
 
$
59,905

Financial Instruments Measured on Recurring Basis(Tables)
The following table presents a summary of the Company’s financial instruments that are measured on a recurring basis:
 
 
 
Fair Value Measurements at September 30, 2014
 
Balance at
September 30, 2014
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Money market funds
$
603

 
$
603

 
$
—

 
$
—

Government debt securities
23,432

 
—

 
23,432

 
—

Corporate debt securities
36,430

 
—

 
36,430

 
—

 
$
60,465

 
$
603

 
$
59,862

 
$
—

 
 
 
Fair Value Measurements at December 31, 2013
 
Balance at
December 31,
2013
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Money market funds
$
406

 
$
406

 
$
—

 
$
—

Government debt securities
26,537

 
—

 
26,537

 
—

Corporate debt securities
33,368

 
—

 
33,368

 
—

 
$
60,311

 
$
406

 
$
59,905

 
$
—