Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value of Assets Measured on a Recurring Basis
The following table shows the fair value of the Company’s significant financial assets that are required to be measured at fair value on a recurring basis, which are classified on the balance sheets as cash and cash equivalents:
 
Fair Value Measurements 
 at June 30, 2014
Fair Value Measurements 
 at December 31, 2013
 
Level 1
 
Level 1
 
(in thousands)
Assets:
 
 
 
Cash equivalents
$
257,548

 
$
26,627