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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The Company’s assets and liabilities measured at fair value on a recurring basis were:
 
December 31, 2018
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents
$
10,155

 
$
10,000

 
$

 
$
20,155

Marketable securities:
 
 
 
 
 
 
 
Municipal bonds
$

 
$
44,705

 
$

 
$
44,705

Corporate bonds

 
48,296

 

 
48,296

Total marketable securities
$

 
$
93,001

 
$

 
$
93,001

Investments in privately-held companies (1)
$

 
$

 
$
3,390

 
$
3,390

(1) Included in other long-term assets.
 
December 31, 2017
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents
$
2,720

 
$
40,051

 
$

 
$
42,771

Marketable securities:
 
 
 
 
 
 
 
Municipal bonds
$

 
$
32,848

 
$

 
$
32,848

Corporate bonds

 
28,621

 

 
28,621

Total marketable securities
$

 
$
61,469

 
$

 
$
61,469

Investments in privately-held companies (1)
$

 
$

 
$
1,030

 
$
1,030

(1) Included in other long-term assets.