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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value

The following table presents the Company’s financial assets and liabilities which are measured at fair values on a recurring basis as of June 30, 2014 and December 31, 2013 (in thousands).

 

     Fair Value     Level 1      Level 2      Level 3  

June 30, 2014

          

Assets:

          

Repurchase agreements

   $ 184,457      $ —        $ 184,457       $ —    

Certificates of deposit

     12,820        —          12,820         —    
  

 

 

   

 

 

    

 

 

    

 

 

 

Total cash equivalents

   $ 197,277      $ —        $ 197,277       $ —    

Liabilities:

          

Acquisition related contingent consideration

   $ (86,723   $ —        $ —        $ (86,723

 

     Fair Value     Level 1      Level 2      Level 3  

December 31, 2013

          

Assets:

          

Repurchase agreements

   $ 162,126      $ —        $ 162,126       $ —    

Certificates of deposit

     9,038        —          9,038         —    
  

 

 

   

 

 

    

 

 

    

 

 

 

Total cash equivalents

   $ 171,164      $ —        $ 171,164       $ —    

Liabilities:

          

Acquisition related contingent consideration

   $ (80,476   $ —        $ —        $ (80,476