Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017 and December 31, 2016, 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, 2017								September 30, 2017
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash	$	27,254	$	—	$	—	$	27,254	$	27,254
Money market funds	16,843		—		—		16,843		16,843
Corporate notes and bonds	—		1,500		—		1,500		1,500
Total cash and cash equivalents	44,097		1,500		—		45,597		45,597
Short-term investments:
Corporate notes and bonds	—		13,482		—		13,482		13,478
Total short-term investments	—		13,482		—		13,482		13,478
Restricted cash equivalents and investments	—		2,400		—		2,400		2,400
Warrants issued by Rhapsody (included in Other assets)	—		—		1,140		1,140		—
Total	$	44,097	$	17,382	$	1,140	$	62,619	$	61,475



	Fair Value Measurements as of								Amortized Cost as of
	December 31, 2016								December 31, 2016
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents:
Cash	$	32,585	$	—	$	—	$	32,585	$	32,585
Money market funds	136		—		—		136		136
Corporate notes and bonds	—		1,000		—		1,000		1,000
Total cash and cash equivalents	32,721		1,000		—		33,721		33,721
Short-term investments:
Corporate notes and bonds	—		43,331		—		43,331		43,343
Total short-term investments	—		43,331		—		43,331		43,343
Restricted cash equivalents and investments	—		2,700		—		2,700		2,700
Warrant issued by Rhapsody (included in Other assets)	—		—		773		773		—
Total	$	32,721	$	47,031	$	773	$	80,525	$	79,764

Schedule of Contractual Maturity Date

Contractual maturities of short-term investments as of September 30, 2017 (in thousands):



	Estimated Fair Value
Within one year	$	11,969
Between one year and five years	1,513
Total short-term investments	$	13,482