Annual report pursuant to Section 13 and 15(d)

Note 5 - Fair Value Measurements

v3.20.4
Note 5 - Fair Value Measurements
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

5.     FAIR VALUE MEASUREMENTS

 

Investments by category included in cash equivalents at the end of each period were as follows (in thousands):

 

       

December 31, 2020

   

December 31, 2019

 
   

Fair Value Level1

 

Adjusted Cost

   

Gross Unrealized Losses

   

Fair Value

   

Adjusted Cost

   

Gross Unrealized Losses

   

Fair Value

 

Money market funds

 

Level 1

  $ 21,042     $     $ 21,042     $ 11,659     $     $ 11,659  

Time deposits

 

Level 2

    5,458             5,458       13,544             13,544  

Municipal debt securities

 

Level 2

    30,280       (5 )     30,275       347             347  

Corporate debt securities

 

Level 2

    11,621       (6 )     11,615       56,784       (19 )     56,765  

Total investments

      $ 68,401     $ (11 )   $ 68,390     $ 82,334     $ (19 )   $ 82,315  

 


1 FASB Topic 820, Fair Value Measurements, establishes a fair value hierarchy that requires the use of observable market data, when available, and prioritizes the inputs to valuation techniques used to measure fair value in the following categories:

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.