Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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
	September 30, 2016								September 30, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash	$	27,401	$	—	$	—	$	27,401	$	27,401
Money market funds	49		—		—		49		49
Corporate notes and bonds	—		10,834		—		10,834		10,834
Total cash and cash equivalents	27,450		10,834		—		38,284		38,284
Short-term investments:
Corporate notes and bonds	—		42,465		—		42,465		42,460
Total short-term investments	—		42,465		—		42,465		42,460
Restricted cash equivalents and investments	—		2,700		—		2,700		2,700
Equity investment in publicly traded securities	2,041		—		—		2,041		362
Warrant issued by Rhapsody (included in Other assets)	—		—		941		941		—
Total	$	29,491	$	55,999	$	941	$	86,431	$	83,806



	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 September 30, 2016 (in thousands):



	Estimated Fair Value
Within one year	$	39,565
Between one year and five years	2,900
Total short-term investments	$	42,465