G. FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

NOTE G—FAIR VALUE OF FINANCIAL INSTRUMENTS

The following table presents a summary of the Company’s financial instruments measured at fair value on a recurring basis as of December 31, 2016 (in thousands):

	Quoted prices		Significant
	in active		other
	markets for		observable		Significant
	identical		remaining		unobservable
	assets (Level 1)		inputs (Level 2)		inputs (Level 3)		Total
Assets:
Cash and cash equivalents	$	50,224	$	—	$	—	$	50,224
Restricted cash		1,740		—		—		1,740
Short term investments		44		—		—		44
Total assets	$	52,008	$	—	$	—	$	52,008
Liabilities:
Bank acceptance payable		—	$	307		—	$	307
Total liabilities	$	—	$	307	$	—	$	307

The following table presents a summary of the Company’s financial instruments measured at fair value on a recurring basis as of December 31, 2015 (in thousands):

	Quoted prices		Significant
	in active		other
	markets for		observable		Significant
	identical		remaining		unobservable
	assets (Level 1)		inputs (Level 2)		inputs (Level 3)		Total
Assets:
Cash and cash equivalents	$	28,074	$	—	$	—	$	28,074
Restricted cash		4,719		—		—		4,719
Short term investments		7,886		—		—		7,886
Total assets	$	40,679	$	—	$	—	$	40,679
Liabilities:
Bank acceptance payable		—	$	2,998		—	$	2,998
Total liabilities	$	—	$	2,998	$	—	$	2,998