Common use of Fair Value Measurements Clause in Contracts

Fair Value Measurements. Fair Value of Financial Assets The Company’s financial assets measured at fair value on a recurring basis subject to disclosure requirements at June 30, 2015, and December 31, 2014 were as follows (in thousands): Balance at June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobserved Inputs (Level 3) Cash equivalents: Money market mutual funds $ 1 $ 1 $ — $ — Total cash equivalents 1 1 — — Short-term investments: Other commodities 6 — 6 — Commercial paper 34 — 34 — Total short-term investments 63 — 63 — Total financial assets measured at fair value $ 64 $ 1 $ 63 $ — Balance at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobserved Inputs (Level 3) Cash equivalents: Money market mutual funds $ 1 $ 1 $ — $ — Total cash equivalents 1 1 — — Short-term investments: Total short-term investments 129 — 129 — Total financial assets measured at fair value $ 130 $ 1 $ 129 $ — The Company held no Level 3 investments at June 30, 2015 and at December 31, 2014.

Fair Value Measurements. Fair Value of Financial Assets The Company’s financial assets measured at fair value on a recurring basis subject to disclosure requirements at June 30, 2015, and December 31, 2014 and 2013 were as follows (in thousands): Balance at June 30, 2015 Quoted Prices in Active Significant Markets for Other Significant Balance at Identical Observable Unobserved December 31, Assets Inputs Inputs 2014 (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobserved Inputs (Level 3) Cash equivalents: Money market mutual funds $ 1 $ 1 $ — $ — Total cash equivalents 1 1 — — Short-term investments: Other commodities 6 — 6 — Commercial paper 34 — 34 — Total short-term investments 63 — 63 — Total financial assets measured at fair value $ 64 $ 1 $ 63 $ — Balance at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobserved Inputs (Level 3) Cash equivalents: Money market mutual funds $ 1 $ 1 $ — $ — Total cash equivalents 1 1 — — Short-term investments: Total short-term investments 129 — 129 — Total financial assets measured at fair value $ 130 $ 1 $ 129 $ — Quoted Prices in Active Significant Markets for Other Significant Balance at Identical Observable Unobserved December 31, Assets Inputs Inputs 2013 (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 1,641 $ 1,641 $ — $ — Commercial paper 100 — 100 — Total cash equivalents 1,741 1,641 100 — Short-term investments: Certificates of deposit 800 — 800 — Corporate bonds 501 — 501 — Commercial paper 500 — 500 — Collateralized debt securities 1,301 — — 1,301 Total short-term investments 3,102 — 1,801 1,301 Long-term investments: Certificates of deposit 154 — 154 — Total long-term investments 154 — 154 — Total financial assets measured at fair value $ 4,997 $ 1,641 $ 2,055 $ 1,301 The Company held no Level 3 investments at June 30December 31, 2015 and 2014. The Company held approximately $1.3 million in Level 3 investments at December 31, 20142013.

Fair Value Measurements. Fair Value of Financial Assets The Company’s financial assets measured at fair value on a recurring basis subject to disclosure requirements at June 30, 2015, and December 31, 2014 and 2013 were as follows (in thousands): Balance at June 30, 2015 Quoted Prices in Active Significant Markets for Other Significant Balance at Identical Observable Unobserved December 31, Assets Inputs Inputs 2014 (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobserved Inputs (Level 3) Cash equivalents: Money market mutual funds $ 1 $ 1 $ — - $ — - Total cash equivalents 1 1 — — - - Short-term investments: Certificates of deposit 123 - 123 - Other commodities 6 — - 6 — Commercial paper 34 — 34 — Total short-term investments 63 — 63 — Total financial assets measured at fair value $ 64 $ 1 $ 63 $ — Balance at December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobserved Inputs (Level 3) Cash equivalents: Money market mutual funds $ 1 $ 1 $ — $ — Total cash equivalents 1 1 — — Short-term investments: - Total short-term investments 129 — - 129 — - Total financial assets measured at fair value $ 130 $ 1 $ 129 $ — - Quoted Prices in Active Significant Markets for Other Significant Balance at Identical Observable Unobserved December 31, Assets Inputs Inputs 2013 (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 1,641 $ 1,641 $ - $ - Commercial paper 100 - 100 - Total cash equivalents 1,741 1,641 100 - Short-term investments: Certificates of deposit 800 - 800 - Corporate bonds 501 - 501 - Commercial paper 500 - 500 - Collateralized debt securities 1,301 - - 1,301 Total short-term investments 3,102 - 1,801 1,301 Long-term investments: Certificates of deposit 154 - 154 - Total long-term investments 154 - 154 - Total financial assets measured at fair value $ 4,997 $ 1,641 $ 2,055 $ 1,301 The Company held no Level 3 investments at June 30December 31, 2015 and 2014. The Company held approximately $1.3 million in Level 3 investments at December 31, 20142013.