Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Financial Assets Measured at Fair Value on a Recurring Basis

The following table presents information about our financial assets that have been measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands).



	Fair Value Measurements as of								Amortized Cost as of
	March 31, 2016								March 31, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash	$	24,701	$	—	$	—	$	24,701	$	24,701
Money market funds	6,612		—		—		6,612		6,612
Corporate notes and bonds	—		9,226		—		9,226		9,226
Total cash and cash equivalents	31,313		9,226		—		40,539		40,539
Short-term investments:
Corporate notes and bonds	—		46,289		—		46,289		46,285
Total short-term investments	—		46,289		—		46,289		46,285
Restricted cash equivalents and investments	—		3,100		—		3,100		3,100
Equity investment in publicly traded securities	1,910		—		—		1,910		362
Warrant issued by Rhapsody (included in Other assets)	—		—		1,009		1,009		—
Total	$	33,223	$	58,615	$	1,009	$	92,847	$	90,286



	Fair Value Measurements as of								Amortized Cost as of
	December 31, 2015								December 31, 2015
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash	$	23,152	$	—	$	—	$	23,152	$	23,152
Money market funds	5,061		—		—		5,061		5,061
Corporate notes and bonds	—		19,102		—		19,102		19,102
Total cash and cash equivalents	28,213		19,102		—		47,315		47,315
Short-term investments:
Corporate notes and bonds	—		51,814		—		51,814		51,862
Total short-term investments	—		51,814		—		51,814		51,862
Restricted cash equivalents and investments	—		2,890		—		2,890		2,890
Equity investment in publicly traded securities	1,721		—		—		1,721		362
Warrant issued by Rhapsody (included in Other assets)	—		—		1,053		1,053		—
Total	$	29,934	$	73,806	$	1,053	$	104,793	$	102,429

Schedule of Contractual Maturity Date

Contractual maturities of short-term investments as of March 31, 2016 (in thousands):



	Estimated Fair Value
Within one year	$	42,584
Between one year and five years	3,705
Total short-term investments	$	46,289