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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value Based on Three-Tier Fair Value Hierarchy
The following table sets forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
As of September 30, 2016
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
 
Money market funds
$
6,276

 
$

 
$

 
$
6,276

Short-term investments
 
 
 
 
 
 
 
Corporate bonds

 
7,931

 

 
7,931

Prepaids and other current assets
 
 
 
 
 
 
 
Time deposit pledged for credit card facility

 
580

 

 
580

Derivative assets

 
232

 

 
232

Other assets
 
 
 
 
 
 
 
Long-term investment
530

 

 

 
530

Total assets measured and recorded at fair value
$
6,806

 
$
8,743

 
$

 
$
15,549

Accrued liabilities
 
 
 
 
 
 
 
Derivative liabilities

 
17

 

 
17

Total liabilities measured and recorded at fair value
$

 
$
17

 
$

 
$
17

 
Level 1
 
Level 2
 
Level 3
 
Total
As of December 31, 2015
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
 
Money market funds
$
53,434

 
$

 
$

 
$
53,434

U.S. Treasury bills
24,998

 

 

 
24,998

Short-term investments
 
 
 
 
 
 
 
Corporate bonds

 
25,505

 

 
25,505

Commercial paper

 
1,099

 

 
1,099

Prepaids and other current assets
 
 
 
 
 
 
 
Time deposit pledged for credit card facility

 
580

 

 
580

Derivative assets

 
113

 

 
113

Other assets
 
 
 
 
 
 
 
Long-term investment
1,840

 

 

 
1,840

Total assets measured and recorded at fair value
$
80,272

 
$
27,297

 
$

 
$
107,569

Accrued liabilities
 
 
 
 
 
 
 
Derivative liabilities
$

 
$
371

 
$

 
$
371

Total liabilities measured and recorded at fair value
$

 
$
371

 
$

 
$
371