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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 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 followings:

 

(in thousands)    December 31,
2016
     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
 

Fair Value Assets:

        

Money market funds

   $ 458      $ 458      $ —    

Marketable securities:

        

Municipal bonds

   $ 36,607      $ —        $ 36,607  

Corporate bonds

     26,560        —          26,560  

Certificates of deposit

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Total marketable securities

   $ 63,167      $ —        $ 63,167  
  

 

 

    

 

 

    

 

 

 

Foreign currency forward contracts

   $ 628      $ —        $ 628  

Fair Value Liabilities:

        

Foreign currency forward contracts

   $ 883      $ —        $ 883  
  

 

 

    

 

 

    

 

 

 

 

(in thousands)    December 31,
2015
     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs
(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