Stamps.com 2014 Annual Report Download - page 80

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STAMPS.COM INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table summarizes our financial assets measured at fair value on a recurring basis as of December 31, 2014 and 2013 (in
thousands):
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.
As of December 30, 2014 we have $25.0 million of contingent consideration relating to our acquisition of ShipStation (see Note 3 –
“Acquisitions”) that is required to be measured at fair value.
F-23
Table of Contents
Fair Value Measurement at Reporting Date Using
Description
December 31,
2014
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
$
40,933
$
40,933
$
—
$
—
Available-for-sale debt securities
16,697
—
16,697
—
Total
$
57,630
$
40,933
$
16,697
$
—
Fair Value Measurement at Reporting Date Using
Description
December 31,
2013
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
$
66,674
$
66,674
$
—
$
—
Available-for-sale debt securities
20,536
—
20,536
—
Total
$
87,210
$
66,674
$
20,536
$
—