Stamps.com 2012 Annual Report Download - page 66

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STAMPS.COM INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table summarizes contractual maturities of our marketable fixed-income securities as of December 31, 2012 (in thousands):
Financial assets measured at fair value on a recurring basis are classified in one of the three following categories, which are described below:
The following table summarizes our financial assets measured at fair value on a recurring basis as of December 31, 2012 and 2011 (in
thousands):
Table of Contents
Amortized
Cost
Estimated
Fair Value
Due within one year
$
6,253
$
6,323
Due after one year through five years
10,539
10,720
Due after five years through ten years
—
—
Total
$
16,792
$
17,043
5.
Fair Value Measurements
Level 1
-
Valuations based on unadjusted quoted prices for identical assets in an active market.
Level 2 -
Valuations based on quoted prices in markets where trading occurs infrequently or whose values are based on quoted prices of
instruments with similar attributes in active markets.
Level 3 -
Valuations based on inputs that are unobservable and involve management judgment and our own assumptions about market
participants and pricing.
Fair Value Measurement at Reporting Date Using
Description
December 31,
2012
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
$
29,576
$
29,576
$
—
$
—
Available-for-sale debt securities
17,043
—
17,043
—
Total
$
46,619
$
29,576
$
17,043
$
—
F
-
18