Stamps.com 2013 Annual Report Download - page 68

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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, 2013 and 2012.
6.
Accounts Payable and Accrued Expenses
The following table summarizes our accounts payable and accrued expenses as of December 31, 2013 and 2012 (in thousands):
7.
Allowance for Doubtful Accounts
As of December 31, 2013 and 2012, our allowance for doubtful accounts totaled approximately $283,000 and $239,000, respectively. Increases
in our allowance for doubtful accounts totaled approximately $44,000 and $122,000 for 2013 and 2012, respectively. There were no material
write-offs against the allowance for doubtful accounts during 2013 or 2012.
F-18
Table of Contents
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
$
—
2013 2012
Payroll and related accrual
$
4,575
$
3,783
Cost of sale, inventory and materials accrual
2,035
2,366
Construction and related fixed asset accrual
401
2,216
Professional fees accrual
688
690
Sales and marketing related accrual
2,457
2,832
Operating expenses related accrual
1,975
1,651
Other accruals
1,797
2,828
Accounts payable and accrued expenses
$
13,928
$
16,366