LIFELOCK, INC. - 10-Q filing on 2016-11-09

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

As of September 30, 2016 and December 31, 2015, the fair value of our financial assets was as follows:



	Level 1		Level 2		Level 3		Total
	(in thousands)
September 30, 2016
Assets:
Money market funds ⁽¹⁾	$	14,733	$	—	$	—	$	14,733
Corporate bonds ⁽²⁾	—		100,852		—		100,852
Government securities ⁽²⁾	—		9,705		—		9,705
Commercial paper ⁽²⁾	—		8,187		—		8,187
Agency securities ⁽²⁾	—		7,258		—		7,258
Municipal bonds ⁽²⁾	—		4,048		—		4,048
Certificates of deposit ⁽²⁾	—		1,248		—		1,248
Total assets measured at fair value	$	14,733	$	131,298	$	—	$	146,031
December 31, 2015
Assets:
Money market funds ⁽¹⁾	$	18,114	$	—	$	—	$	18,114
Corporate bonds ⁽²⁾	—		124,829		—		124,829
Commercial paper ⁽³⁾	—		47,294		—		47,294
Municipal bonds ⁽²⁾	—		16,223		—		16,223
Government securities ⁽²⁾	—		8,688		—		8,688
Agency securities ⁽²⁾	—		7,253		—		7,253
Certificates of deposit ⁽²⁾	—		2,244		—		2,244
Total assets measured at fair value	$	18,114	$	206,531	$	—	$	224,645


⁽¹⁾	Classified in cash and cash equivalents


⁽²⁾	Classified in marketable securities.


⁽³⁾	Includes commercial paper with maturities of three months or less at time of purchase of $10.1 million classified in cash and cash equivalents and commercial paper with maturities of greater than three months of $37.2 million classified in marketable securities.