Fair Value Measurements

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

The table below summarizes certain asset and liability fair values that are included within our accompanying Consolidated Balance Sheets, and their designations among the three fair value measurement categories (see Note 2(xiii)):

	December 31, 2018 Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets:
Bank certificates of deposits	$	—	$	86	$	—	$	86
Money market funds	—		142,745		—		142,745
Equity securities (Note 11)	46,422		—		—		46,422
Mutual funds	—		78		—		78
Deferred compensation investments (life insurance cash surrender value - Note 3(h))	—		6,274		—		6,274		*
	$	46,422	$	149,183	$	—	$	195,605
Liabilities:
Deferred executive compensation liability (Note 17(f))	—		6,167		—		6,167		*
FOLOTYN development liability (Note 16)	—		—		11,997		11,997
Talon CVR (Note 10 (a))	—		—		4,345		4,345
	$	—	$	6,167	$	16,342	$	22,509

	December 31, 2017 Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets:
Bank certificates of deposits	$	—	$	248	$	—	$	248
Money market funds	—		216,358		—		216,358
Equity securities (Note 11)	37,530		—		—		37,530
Mutual funds	—		59		—		59
Deferred compensation investments (life insurance cash surrender value - Note 3(h))	—		14,887		—		14,887		*
	$	37,530	$	231,552	$	—	$	269,082
Liabilities:
Deferred executive compensation liability (Note 17(f))	—		11,038		—		11,038		*
FOLOTYN development liability (Note 16)	—		—		12,386		12,386
Talon CVR (Note 10 (a))	—		—		6,210		6,210
Corixa Liability (Note 17(b)(i))	—		—		62		62
	$	—	$	11,038	$	18,658	$	29,696

* The reported amount of “deferred compensation investments” is based on the cash surrender value of employee life insurance policies at period-end, while the reported amount of “deferred executive compensation liability” is based on the period-end market value of investments selected by plan participants.

We did not have any transfers between “Level 1” and “Level 2” (see Note 2(xiii)) measurement categories for any periods presented.

The table below summarizes the 2017 and 2018 activity of our liabilities that are valued with unobservable inputs:

	Fair Value Measurements of Unobservable Inputs (Level 3)
Balance at December 31, 2016	$	14,445
FOLOTYN development liability (Note 16)	(744		)
Talon CVR fair value adjustment - MARQIBO (Note 10(a))	4,957
Balance at December 31, 2017	$	18,658
FOLOTYN development liability (Note 16)	(389		)
Talon CVR fair value adjustment - MARQIBO (Note 10(a))	(1,865		)
Corixa Liability (Note 17(b)(i))	(62		)
Balance at December 31, 2018	$	16,342

Our carrying amounts of financial instruments such as cash equivalents, accounts receivable, prepaid expenses, accounts payable, and accrued liabilities, excluding acquisition-related contingent obligations, approximate their related fair values due to their short-term nature.