FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value on a recurring basis consisted of the following:

			Fair Value Measurements at Reporting Date Using
(in thousands)	March 31, 2016		Level 1		Level 2
Fair Value Assets:
Money market funds	$	6,273	$	6,273	$	—
Marketable securities:
Municipal bonds	$	50,249	$	—	$	50,249
Corporate bonds		49,582		—		49,582
Certificates of deposit		1,902		—		1,902
Total marketable securities	$	101,733	$	—	$	101,733
Foreign currency forward contracts	$	722	$	—	$	722
Fair Value Liabilities:
Foreign currency forward contracts	$	447	$	—	$	447

			Fair Value Measurements at Reporting Date Using
(in thousands)	December 31, 2015		Level 1		Level 2
Fair Value Assets:
Money market funds	$	573	$	573	$	—
Marketable securities:
Municipal bonds	$	57,335	$	—	$	57,335
Corporate bonds		66,815		—		66,815
Certificates of deposit		1,902		—		1,902
Total marketable securities	$	126,052	$	—	$	126,052
Foreign currency forward contracts	$	48	$	—	$	48
Fair Value Liabilities:
Foreign currency forward contracts	$	1,052	$	—	$	1,052