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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
The following table presents information about our financial assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques we utilize to determine such fair value at March 31, 2013 and December 31, 2012.
 
Fair Value as of March 31, 2013
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Corporate debt securities
$

 
$
10,227

 
$

 
$
10,227

 
 
 
 
 
 
 
 
 
Fair Value as of December 31, 2012
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Corporate debt securities
$

 
$
7,679

 
$

 
$
7,679

 
 
 
 
 
 
 
 
Available-for-sale Securities
The following table sets forth the composition of securities available-for-sale as of March 31, 2013 and December 31, 2012.

Maturity in
Years
 
Amortized Cost
 
Unrealized
 
Fair Value
As of March 31, 2013 (in thousands)
Gains
 
Losses
 
Corporate debt securities
3 or less
 
$
10,250

 
$
9

 
$
(32
)
 
$
10,227

 
 
 
 
 
 
 
 
 
 
 
Maturity in
Years
 
Amortized Cost
 
Unrealized
 
Fair Value
As of December 31, 2012 (in thousands)
Gains
 
Losses
 
Corporate debt securities
3 or less
 
$
7,662

 
$
17

 
$

 
$
7,679