MaxLinear, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

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, 2016
	Balance at September 30, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Assets
Money market funds	$	115	$	115	$	—	$	—
Government debt securities	24,033		—		24,033		—
Corporate debt securities	30,133		—		30,133		—
	$	54,281	$	115	$	54,166	$	—
Liabilities
Contingent consideration	$	364	$	—	$	—	$	364
	$	364	$	—	$	—	$	364



			Fair Value Measurements at December 31, 2015
	Balance at December 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Assets
Money market funds	$	17,144	$	17,144	$	—	$	—
Government debt securities	17,273		—		17,273		—
Corporate debt securities	45,269		—		45,269		—
	$	79,686	$	17,144	$	62,542	$	—
Liabilities
Contingent consideration	$	395	$	—	$	—	$	395
	$	395	$	—	$	—	$	395

Available-for-sale Securities [Table Text Block]

The composition of financial instruments is as follows:



	September 30, 2016
	Amortized Cost			Gross Unrealized					Fair Value
	Amortized Cost			Gains		Losses			Fair Value
	(in thousands)
Assets
Money market funds	$	115		$	—	$	—		$	115
Government debt securities	24,031			5		(3		)	24,033
Corporate debt securities	30,133			2		(2		)	30,133
	54,279			7		(5		)	54,281
Less amounts included in cash and cash equivalents	(115		)	—		—			(115		)
	$	54,164		$	7	$	(5	)	$	54,166



	Fair Value at September 30, 2016
	(in thousands)
Liabilities
Contingent Consideration	$	364
Total	$	364



	December 31, 2015
	Amortized Cost			Gross Unrealized					Fair Value
	Amortized Cost			Gains		Losses			Fair Value
	(in thousands)
Assets
Money market funds	$	17,144		$	—	$	—		$	17,144
Government debt securities	17,303			—		(30		)	17,273
Corporate debt securities	45,353			—		(84		)	45,269
	79,800			—		(114		)	79,686
Less amounts included in cash and cash equivalents	(17,144		)	—		—			(17,144		)
	$	62,656		$	—	$	(114	)	$	62,542



	Fair Value at December 31, 2015
	(in thousands)
Liabilities
Contingent Consideration	$	395
Total	$	395

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following summarizes the activity in Level 3 financial instruments:



	Nine Months Ended September 30,
	2016			2015
	(in thousands)
Contingent Consideration ⁽¹⁾
Beginning balance	$	395		$	265
Physpeed earn-out payment	(240		)	—
Loss (gain) recognized in earnings ⁽²⁾	209			(123		)
Ending balance	$	364		$	142
Net (loss) gain for the period included in earnings attributable to contingent consideration held at the end of the period	$	(209	)	$	123

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- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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