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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents, Available-for-sale Securities Reconciliation
The Company's cash and cash equivalents, short-term investments, and long-term investments consist of the following:

 
 
December 31, 2013
  
 
Amortized Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
 
 
(in thousands)
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash
 
$
27,488

 
$

 
$

 
$
27,488

Money market funds
 
183

 

 

 
183

Commercial paper
 
14,697

 
1

 

 
14,698

Total
 
42,368

 
1

 

 
42,369

Short-term investments:
 
 
 
 
 
 
 
 
Commercial paper
 
32,784

 
6

 

 
32,790

Corporate bonds
 
16,894

 
11

 

 
16,905

Municipal bonds
 
1,128

 

 

 
1,128

U.S. government agencies
 
4,004

 

 

 
4,004

Total
 
54,810

 
17

 

 
54,827

Long-term investments:
 
 
 
 
 
 
 
 
Asset-backed securities
 
5,497

 
4

 

 
5,501

U.S. government agencies
 
14,835

 
1

 
(3
)
 
14,833

Corporate bonds
 
15,256

 
22

 
(4
)
 
15,274

Total
 
35,588

 
27

 
(7
)
 
35,608

Total
 
132,766

 
45

 
(7
)
 
132,804



 
 
December 31, 2012
  
 
Amortized Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
 
 
(in thousands)
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash
 
$
23,419

 
$

 
$

 
$
23,419

Money market funds
 
170

 

 

 
170

Commercial paper
 
11,294

 
2

 

 
11,296

Total
 
34,883

 
2

 

 
34,885

Short-term investments:
 
 
 
 
 
 
 
 
Commercial paper
 
21,078

 
2

 

 
21,080

U.S. government agencies
 
62,463

 
4

 

 
62,467

Total
 
83,541

 
6

 

 
83,547

Total
 
$
118,424

 
$
8

 
$

 
$
118,432

Schedule of Assets Measured on Recurring Basis
The following table sets forth by level within the fair value hierarchy the fair value of the Company's available-for-sale securities measured on a recurring basis:
 

 
 
December 31, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
Fair Value
 
 
(in thousands)
Commercial paper
 
$

 
$
47,488

 
$

 
$
47,488

U.S. government agencies
 

 
18,837

 

 
18,837

Municipal bonds
 

 
1,128

 

 
1,128

Corporate bonds
 

 
32,179

 

 
32,179

Asset-backed securities
 

 
5,501

 

 
5,501

Total
 
$

 
$
105,133

 
$

 
$
105,133




 
 
December 31, 2012
 
 
Level 1
 
Level 2
 
Level 3
 
Fair Value
 
 
(in thousands)
Commercial paper
 
$

 
$
32,376

 
$

 
$
32,376

U.S. government agencies
 

 
62,467

 

 
62,467

Total
 
$

 
$
94,843

 
$

 
$
94,843

Schedule of Investments Classified by Contractual Maturity
The following summarizes the fair value of securities classified as available-for-sale by contractual maturity:

 
 
December 31, 2013
 
 
Mature within One Year
 
After One Year through Two Years
 
Over Two Years
 
Fair Value
 
 
(in thousands)
Commercial paper
 
$
47,488

 
$

 
$

 
$
47,488

U.S. government agencies
 
4,004

 
14,833

 

 
18,837

Municipal bonds
 
1,128

 

 

 
1,128

Corporate bonds
 
16,905

 
15,274

 

 
32,179

Asset-backed securities
 

 

 
5,501

 
5,501

Total
 
$
69,525

 
$
30,107

 
$
5,501

 
$
105,133




 
 
December 31, 2012
 
 
Mature within One Year
 
After One Year through Two Years
 
Over Two Years
 
Fair Value
 
 
(in thousands)
Commercial paper
 
$
32,376

 
$

 
$

 
$
32,376

U.S. government agencies
 
62,467

 

 

 
62,467

Total
 
$
94,843

 
$

 
$

 
$
94,843