Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.19.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Available-for-sale Securities Included in Cash Equivalents
Available-for-sale investments included in cash equivalents at the end of each period were as follows (in thousands):
 
June 30, 2019
 
December 31, 2018
 
Adjusted Cost
 
Gross Unrealized Losses
 
Fair Value
 
Adjusted Cost
 
Gross Unrealized Losses
 
Fair Value
Municipal bonds and notes
$
1,836

 
$
—

 
$
1,836

 
$
12,149

 
$
(7
)
 
$
12,142

Corporate debt securities
45,294

 
(22
)
 
45,272

 
51,862

 
(26
)
 
51,836

Financial institution instruments
39,147

 
—

 
39,147

 
21,352

 
—

 
21,352

Total available-for-sale investments
$
86,277

 
$
(22
)
 
$
86,255

 
$
85,363

 
$
(33
)
 
$
85,330


Schedule of Company's Hierarchy for Assets Measured at Fair Value on Recurring Basis
The tables below present the Company’s hierarchy for assets measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018.

 
June 30, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
Amounts included in cash and cash equivalents
$
86,255

 
$
—

 
$
—

 
$
86,255

Total assets measured at fair value on a recurring basis
$
86,255

 
$
—

 
$
—

 
$
86,255


 
December 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
Amounts included in cash and cash equivalents
$
85,330

 
$
—

 
$
—

 
$
85,330

Total assets measured at fair value on a recurring basis
$
85,330

 
$
—

 
$
—

 
$
85,330