Stamps.com 2012 Annual Report Download - page 67

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STAMPS.COM INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The fair value of our available-for-
sale debt securities included in the Level 2 category is based on the market values obtained from an
independent pricing service that were evaluated using pricing models that vary by asset class and may incorporate available trade, bid and other
market information and price quotes from well established independent pricing vendors and broker-dealers.
There were no non-financial assets or liabilities that were required to be measured at fair value as of December 31, 2012 and 2011.
The following table summarizes our accounts payable and accrued expenses as of December 31, 2012 and 2011 (in thousands):
As of December 31, 2012 and 2011, our allowance for doubtful accounts totaled approximately $239,000 and $117,000, respectively. Increases
in our allowance for doubtful accounts totaled approximately $122,000 and $9,000 for 2012 and 2011, respectively. There were no material
write-offs against the allowance for doubtful accounts during 2012 or 2011.
Table of Contents
Fair Value Measurement at Reporting Date Using
Description
December 31,
2011
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Cash, restricted cash and cash equivalents
$
54,587
$
54,587
$
—
$
—
Available-for-sale debt securities
14,776
—
14,776
—
Total
$
69,363
$
54,587
$
14,776
$
—
6.
Accounts Payable and Accrued Expenses
2012
2011
Payroll and related accrual
$
3,783
$
3,252
Cost of sale, inventory and materials accrual
2,366
2,601
Construction and related fixed asset accrual
2,216
—
Professional fees accrual
690
598
Sales and marketing related accrual
2,832
2,529
Operating expenses related accrual
1,651
1,142
Other accruals
2,828
1,953
Accounts payable and accrued expenses
$
16,366
$
12,075
7.
Allowance for Doubtful Accounts
F
-
19