0001356576 us-gaap:RetainedEarningsMember 2017-03-31 0001356576 us-gaap:CommonStockMember 2017-03-31 0001356576 us-gaap:AdditionalPaidInCapitalMember 2017-03-31 0001356576 us-gaap:RetainedEarningsMember 2017-01-01 0001356576 us-gaap:CommonStockMember 2017-01-01 0001356576 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 0001356576 us-gaap:RetainedEarningsMember 2016-12-31 0001356576 us-gaap:CommonStockMember 2016-12-31 0001356576 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001356576 supn:StockOptionStockAppreciationRightsMember 2017-01-01 2017-03-31 0001356576 supn:StockOptionStockAppreciationRightsMember 2016-01-01 2016-12-31 0001356576 supn:StockOptionStockAppreciationRightsMember 2017-03-31 0001356576 supn:StockOptionStockAppreciationRightsMember 2016-12-31 0001356576 supn:EquityIncentivePlan2012Member 2017-03-31 0001356576 us-gaap:EmployeeStockOptionMember supn:EquityIncentivePlan2012Member us-gaap:DirectorMember 2017-01-01 2017-03-31 0001356576 supn:LabEquipmentAndFurnitureMember us-gaap:MinimumMember 2017-01-01 2017-03-31 0001356576 supn:LabEquipmentAndFurnitureMember us-gaap:MaximumMember 2017-01-01 2017-03-31 0001356576 us-gaap:ComputerSoftwareIntangibleAssetMember 2017-01-01 2017-03-31 0001356576 us-gaap:ComputerEquipmentMember 2017-01-01 2017-03-31 0001356576 us-gaap:LeaseholdImprovementsMember 2017-03-31 0001356576 us-gaap:ConstructionInProgressMember 2017-03-31 0001356576 us-gaap:ComputerSoftwareIntangibleAssetMember 2017-03-31 0001356576 us-gaap:ComputerEquipmentMember 2017-03-31 0001356576 supn:LabEquipmentAndFurnitureMember 2017-03-31 0001356576 us-gaap:LeaseholdImprovementsMember 2016-12-31 0001356576 us-gaap:ConstructionInProgressMember 2016-12-31 0001356576 us-gaap:ComputerSoftwareIntangibleAssetMember 2016-12-31 0001356576 us-gaap:ComputerEquipmentMember 2016-12-31 0001356576 supn:LabEquipmentAndFurnitureMember 2016-12-31 0001356576 us-gaap:RetainedEarningsMember 2017-01-01 2017-03-31 0001356576 supn:PatentDefenseCostsMember 2017-03-31 0001356576 supn:PatentDefenseCostsMember 2016-12-31 0001356576 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember 2017-03-31 0001356576 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember 2016-12-31 0001356576 us-gaap:FairValueInputsLevel3Member us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember 2017-01-01 2017-03-31 0001356576 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2017-03-31 0001356576 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2016-12-31 0001356576 us-gaap:OtherNoncurrentAssetsMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2017-03-31 0001356576 us-gaap:OtherNoncurrentAssetsMember us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember 2016-12-31 0001356576 supn:AccountingStandardsUpdate201609Member supn:ScenarioAdjustmentForDeferredTaxAssetMember 2017-01-01 0001356576 us-gaap:ConvertibleNotesPayableMember 2016-01-01 2016-03-31 0001356576 us-gaap:ConvertibleNotesPayableMember us-gaap:SubsequentEventMember 2017-04-01 2017-05-10 0001356576 us-gaap:ConvertibleNotesPayableMember us-gaap:SubsequentEventMember 2017-05-10 0001356576 us-gaap:ConvertibleNotesPayableMember 2017-03-31 0001356576 us-gaap:ConvertibleNotesPayableMember 2016-12-31 0001356576 2016-03-31 0001356576 2015-12-31 0001356576 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2017-03-31 0001356576 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2017-03-31 0001356576 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2017-03-31 0001356576 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2016-12-31 0001356576 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2016-12-31 0001356576 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2016-12-31 0001356576 2016-01-01 2016-12-31 0001356576 supn:StockOptionsStockAppreciationRightsAndEmployeeStockPurchasePlanAwardsMember 2017-01-01 2017-03-31 0001356576 supn:StockOptionsStockAppreciationRightsAndEmployeeStockPurchasePlanAwardsMember 2016-01-01 2016-03-31 0001356576 us-gaap:ResearchAndDevelopmentExpenseMember 2017-01-01 2017-03-31 0001356576 us-gaap:ResearchAndDevelopmentExpenseMember 2016-01-01 2016-03-31 0001356576 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2017-01-01 2017-03-31 0001356576 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2016-01-01 2016-03-31 0001356576 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-03-31 0001356576 supn:AccountingStandardsUpdate201609Member supn:ScenarioAdjustmentForCumulativeEffectMember 2017-01-01 0001356576 supn:PatentDefenseCostsMember us-gaap:MinimumMember 2017-01-01 2017-03-31 0001356576 supn:PatentDefenseCostsMember us-gaap:MaximumMember 2017-01-01 2017-03-31 0001356576 supn:PatentDefenseCostsMember us-gaap:MinimumMember 2016-01-01 2016-12-31 0001356576 supn:PatentDefenseCostsMember us-gaap:MaximumMember 2016-01-01 2016-12-31 0001356576 us-gaap:EmployeeStockOptionMember supn:EquityIncentivePlan2012Member 2017-01-01 2017-03-31 0001356576 us-gaap:CollaborativeArrangementMember supn:UnitedTherapeuticsMember 2014-07-01 2014-09-30 0001356576 supn:TrokendiXrMember 2017-03-01 2017-03-31 0001356576 supn:TrokendiXrMember 2017-03-31 0001356576 2016-01-01 2016-03-31 0001356576 us-gaap:RetainedEarningsMember 2017-01-01 2017-01-01 0001356576 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-01-01 0001356576 us-gaap:ConvertibleNotesPayableMember 2017-01-01 2017-03-31 0001356576 us-gaap:ConvertibleNotesPayableMember 2013-05-03 2016-12-31 0001356576 2017-03-31 0001356576 2016-12-31 0001356576 2017-05-02 0001356576 2017-01-01 2017-03-31 supn:segment iso4217:USD xbrli:shares supn:installment supn:item supn:product xbrli:pure iso4217:USD xbrli:shares false --12-31 Q1 2017 2017-03-31 10-Q 0001356576 50282397 Yes Large Accelerated Filer SUPERNUS PHARMACEUTICALS INC 5919000 5509000 1794000 1398000 41943000 43450000 22336000 5600000 5300000 25767000 114000 24722000 64441000 211000 181000 2138000 1023000 2000 <div> <div>     Deferred Financing Costs   Deferred financing costs consist of financing costs incurred by the Company in connection with the closing of the Company’s 7.50% Convertible Senior Secured Notes due 2019 (the Notes) and Secured Notes Payable (see Note 8). The Company amortizes deferred financing costs over the term of the related debt using the effective interest method. When extinguishing debt, the related deferred financing costs are written off.       <div /></div> </div> <div> <div>   Deferred Legal Fees   Legal fees have been incurred in connection with legal proceedings related to the defense of patents for Oxtellar XR and Trokendi XR (see Note 6). Amortization of the deferred legal fees will begin upon successful outcome of the ongoing litigation. Deferred legal fees will be charged to expense in the event of an unsuccessful outcome of the ongoing litigation.   <div /></div> </div> 209000 287000 1501000 1365000 0.0900 9270000 382000 101000 -1229000 -320000 1903000 1507000 300000 -58000 -101000 -54000 71537 7012 <div> <div>     6.  Deferred Legal Fees and Intangible Assets   Deferred legal fees have been incurred in connection with patents for Oxtellar XR and Trokendi XR. As of March 31, 2017 and December 31, 2016, the Company had deferred legal fees of $11.3 million and $19.9 million, respectively.   The following sets forth the gross carrying amount and related accumulated amortization of the intangible asset, in thousands:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.00%;margin-left:0.7pt;"> <tr> <td valign="bottom" style="width:52.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;padding:0pt;"> Weighted- </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:52.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Average Life </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:52.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="7" valign="bottom" style="width:43.84%;padding:0pt;"> (unaudited) </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.42%;background-color: #CCEEFF;padding:0pt;"> Capitalized patent defense costs </td> <td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;"> 5.9 - 11 years </td> <td valign="bottom" style="width:02.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,172 </td> <td valign="bottom" style="width:02.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,773 </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.42%;background-color: #CCEEFF;padding:0pt;"> Less accumulated amortization </td> <td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,722 </td> <td valign="bottom" style="width:02.66%;background-color: #CCEEFF;"> ) </td> <td colspan="2" valign="bottom" style="width:12.84%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,283 </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;"> ) </td> </tr> <tr> <td valign="top" style="width:52.42%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,450 </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,490 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:52.42%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:12.86%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:01.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> </table></div>   In March 2017, the Company entered into two settlements with various companies related to Trokendi XR patent litigation, at which time the Company reduced deferred legal fees by $12.6 million and transferred these amounts to intangible assets. The Company subsequently began amortizing the cost of litigation, and will continue to do so through the settlement date of January 1, 2023.   The net book value of intangible assets was $29.5 million as of March 31, 2017 and $16.5 million as of December 31, 2016. The increase in intangible assets reflects the settlement of lawsuits related to Trokendi XR during the first quarter of 2017.   Amortization expense on intangible assets was approximately $439,000 and $142,000 for the three months ended March 31, 2017 and 2016, respectively.   There were no indicators of impairment identified at March 31, 2017 or March 31, 2016.       <div /></div> </div> 1279000 959000 3779000 6584000 155000 -313000 3101000 4645000 27289000 25555000 2 2 2100000 0 50000 470000 454000 P5Y <div> <div>   Preclinical Study and Clinical Trial Accruals   We estimate preclinical study and clinical trial expenses based on the services performed pursuant to contracts with research institutions, investigators, and clinical research organizations (CROs) that conduct these activities on our behalf. In recording service fees, the Company estimates the time period over which the related services will be performed and compares the level of effort expended through the end of each period to the cumulative expenses recorded and payments made for such services. As appropriate, we accrue additional service fees or defer any non-refundable advance payments until the related services are performed. If the actual timing of the performance of services or the level of effort varies from the estimate, the Company will adjust its accrual or deferred advance payment accordingly. If the Company later determines that it no longer expects the services associated with a nonrefundable advance payment to be rendered, the advance payment will be charged to expense in the period that such determination is made.   <div /></div> </div> 12600000 30000000 1119000 1149000 <div> <div>   Revenue from Product Sales   Revenue from product sales is recognized when persuasive evidence of an arrangement exists; delivery has occurred and title to the product and associated risk of loss has passed to the customer; the price is fixed or determinable; collection from the customer has been reasonably assured; all performance obligations have been met; and returns and allowances can be reasonably estimated. Product sales are recorded net of estimated rebates, chargebacks, allowances, discounts, co-pay assistance and other deductions as well as estimated product returns (collectively, “sales deductions”).   Our products are distributed through wholesalers and pharmaceutical distributors. Each of these wholesalers and distributors will take title and ownership to the product upon physical receipt of the product and then distribute our products to pharmacies.   <div /></div> </div> P12M P6M <div> <div>     Property and equipment consist of the following, in thousands: <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 76.00%;margin-left:0.7pt;"> <tr> <td valign="bottom" style="width:60.92%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.92%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:60.92%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;padding:0pt;"> (unaudited) </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;background-color: #CCEEFF;padding:0pt;"> Computer equipment </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.16%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,206 </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.16%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,206 </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;padding:0pt;"> Software </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,876 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,807 </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;background-color: #CCEEFF;padding:0pt;"> Lab equipment and furniture </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,892 </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,758 </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;padding:0pt;"> Leasehold improvements </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,722 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,642 </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;background-color: #CCEEFF;padding:0pt;"> Construction in progress </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45 </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28 </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,741 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,441 </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;background-color: #CCEEFF;padding:0pt;"> Less accumulated depreciation and amortization </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,399 </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;"> ) </td> <td colspan="2" valign="bottom" style="width:15.64%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,097 </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;"> ) </td> </tr> <tr> <td valign="top" style="width:60.92%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.16%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,342 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.16%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,344 </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.92%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:14.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.28%;padding:0pt;">   </td> </tr> </table></div>       <div /></div> </div> 4

8055000

5056000

41527000

38885000

7000

1675000

27427000

26890000

528000

605000

4350000

6409000

8097000

8399000

-134000

32000

P11Y

P5Y10M24D

P11Y

P5Y10M24D

276127000

211000

279792000

1827000

604000

6400000

6700000

1359000

288000

1071000

1827000

317000

1510000

5429000

31000

142000

439000

179162

223273

309568000

322256000

151404000

149757000

165806000

67054000

98752000

176589000

60255000

116334000

99133000

116696000

86000

135000

440000

322000

99487000

116883000

27533000

33498000

19830000

66398000

59599000

66398000

59599000

-13668000

-6799000

0.001

130000000

49971267

50226397

49971267

50226397

50000

5481000

10463000

21200000

4165000

3310000

1600000

2035000

2949000

37757000

40788000

200000

377411

85425000

2000000

1000000

2000000

3600000

0.075

19860000

11331000

4258000

41729000

392000

37863000

275000

294000

287000

302000

429000

741000

114000

23000

-769000

-183000

0.10

0.21

0.08

0.19

0.04

0.365

9145000

7950000

0.000

P1M

0.45

<div> <div>     3.  Fair Value of Financial Instruments   The fair value of an asset or liability should represent the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Such transactions to sell an asset or transfer a liability are assumed to occur in the principal or most advantageous market for the asset or liability. Accordingly, fair value is determined based on a hypothetical transaction at the measurement date, considered from the perspective of a market participant rather than from a reporting entity’s perspective.   The Company reports assets and liabilities that are measured at fair value using a three level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"></td><td valign="top" align="left" style="width: 17.00pt; display: inline;"> · </td><td style="width:1pt;"></td><td align="left" valign="top"> Level 1—Inputs are unadjusted quoted prices in active markets for identical assets that the Company has the ability to access at the measurement date.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"></td><td valign="top" align="left" style="width: 17.00pt; display: inline;"> · </td><td style="width:1pt;"></td><td align="left" valign="top"> Level 2—Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"></td><td valign="top" align="left" style="width: 17.00pt; display: inline;"> · </td><td style="width:1pt;"></td><td align="left" valign="top"> Level 3—Unobservable inputs that reflect the Company’s own assumptions, based on the best information available, including the Company’s own data.</td></tr></table></div>   In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value, in thousands:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 91.00%;margin-left:10.1pt;"> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:60.48%;padding:0pt;"> Fair Value Measurements at </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:60.48%;padding:0pt;"> March 31, 2017 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:60.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (unaudited) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Significant </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Total Carrying </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Quoted Prices </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Other </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Significant </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Value at </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> in Active </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Observable </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Unobservable </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Markets </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Inputs </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> Inputs </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (Level 1) </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (Level 3) </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;"> Assets: </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,599 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,599 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;padding:0pt;"> — </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;"> Marketable securities </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,533 </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>656 </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,877 </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;padding:0pt;"> Long term marketable securities </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,163 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> — </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,163 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;"> Marketable securities - restricted (SERP) </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>294 </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>294 </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;padding:0pt;"> Total assets at fair value </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>176,589 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,255 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116,334 </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;padding:0pt;"> Liabilities: </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;"> Derivative liabilities </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.86%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:35.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.72%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 94.00%;margin-left:10.1pt;"> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:58.54%;padding:0pt;"> Fair Value Measurements at </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="11" valign="bottom" style="width:58.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2016 </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Significant </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Total Carrying </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Quoted Prices </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Other </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Significant </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Value at </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> in Active </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Observable </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Unobservable </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> December 31, </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Markets </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Inputs </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> Inputs </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2016 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (Level 1) </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (Level 2) </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> (Level 3) </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;"> Assets: </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,398 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,398 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;padding:0pt;"> — </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;"> Marketable securities </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,723 </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>656 </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,067 </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;padding:0pt;"> Long term marketable securities </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,410 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> — </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,410 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;"> Marketable securities - restricted (SERP) </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275 </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275 </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;padding:0pt;"> Total assets at fair value </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>165,806 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67,054 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98,752 </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;padding:0pt;"> Liabilities: </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;"> Derivative liabilities </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;background-color: #CCEEFF;padding:0pt;"> — </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.48%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:37.78%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:02.64%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   The fair value of the restricted marketable securities is included within other non-current assets in the consolidated balance sheets.   The Company’s Level 1 assets include cash held with banks, certificate of deposits, and money market funds.   Level 2 assets include the SERP assets, commercial paper and investment grade corporate bonds and other fixed income securities. Level 2 securities are valued using third-party pricing sources that apply applicable inputs and other relevant data into their models to estimate fair value.   Level 3 liabilities include the estimated fair value of the interest make-whole liability associated with the Notes, which are recorded as derivative liabilities.   The fair value of the interest make-whole liability of the Notes was calculated using a binomial-lattice model with the following key assumptions as of March 31, 2017, unaudited:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:0.7pt;"> <tr> <td valign="top" style="width:74.82%;background-color: #CCEEFF;padding:0pt;"> Volatility </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.44%;background-color: #CCEEFF;padding:0pt;"> 45% </td> <td valign="bottom" style="width:01.34%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:74.82%;padding:0pt;"> Stock Price as of March 31, 2017 </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:20.44%;padding:0pt;"> $31.30 per share </td> <td valign="bottom" style="width:01.34%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:74.82%;background-color: #CCEEFF;padding:0pt;"> Credit Spread </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.44%;background-color: #CCEEFF;padding:0pt;"> 900 bps </td> <td valign="bottom" style="width:01.34%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:74.82%;padding:0pt;"> Term </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td valign="bottom" style="width:20.44%;padding:0pt;"> 1 month </td> <td valign="bottom" style="width:01.34%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:74.82%;background-color: #CCEEFF;padding:0pt;"> Dividend Yield </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:20.44%;background-color: #CCEEFF;padding:0pt;"> 0.0% </td> <td valign="bottom" style="width:01.34%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   Changes in the fair value of the interest make-whole liability are recognized as a component of other income (expense) in the Consolidated Statements of Operations. The following table presents information about the Company’s Level 3 liabilities as of March 31, 2017 and December 31, 2016 that are included in the non-current liabilities section of the Consolidated Balance Sheets, in thousands:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 76.00%;margin-left:0.7pt;"> <tr> <td valign="bottom" style="width:75.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;padding:0pt;"> Three Months ended </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2017 </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:75.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;padding:0pt;"> (unaudited) </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;background-color: #CCEEFF;padding:0pt;"> Balance at December 31, 2016 </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114 </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;background-color: #CCEEFF;padding:0pt;"> Changes in fair value of derivative liabilities included in earnings </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(54 </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;"> ) </td> </tr> <tr> <td valign="top" style="width:75.88%;padding:0pt;"> Reduction due to conversion of debt to equity </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37 </td> <td valign="bottom" style="width:01.30%;"> ) </td> </tr> <tr> <td valign="top" style="width:75.88%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:19.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;padding:0pt;"> Balance at March 31, 2017 </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;padding:0pt;"> $ </td> <td valign="bottom" style="width:18.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:75.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.26%;padding:0pt;">   </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:18.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;padding:0pt;">   </td> </tr> </table></div>   The carrying value, face value and estimated fair value of the Notes was approximately $3.3 million, $3.6 million and $21.2 million, respectively, as of March 31, 2017. The fair value was estimated based on actual trade information as well as quoted prices provided by bond traders, which would be characterized within Level 2 of the fair value hierarchy. This fair value amount gives recognition to the value of the interest make-whole liability and the value of the conversion option. Upon issuance these were accounted for as derivative liabilities and additional paid-in-capital, respectively.   The carrying amounts of other financial instruments, including accounts receivable, accounts payable and accrued expenses approximate fair value due to their short-term maturities.   Unrestricted marketable securities held by the Company were as follows, in thousands:   At March 31, 2017 (unaudited):   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:0.7pt;"> <tr> <td valign="bottom" style="width:32.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Available for Sale </td> <td valign="bottom" style="width:02.88%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.86%;padding:0pt;">   </td> <td valign="bottom" style="width:13.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Gains </td> <td valign="bottom" style="width:02.86%;padding:0pt;">   </td> <td valign="bottom" style="width:13.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Losses </td> <td valign="bottom" style="width:02.86%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:01.10%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:32.02%;background-color: #CCEEFF;padding:0pt;"> Corporate debt securities </td> <td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.56%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116,883 </td> <td valign="bottom" style="width:02.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.84%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135 </td> <td valign="bottom" style="width:02.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.84%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(322 </td> <td valign="bottom" style="width:02.86%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.54%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116,696 </td> <td valign="bottom" style="width:01.10%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   At December 31, 2016:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 86.00%;margin-left:0.7pt;"> <tr> <td valign="bottom" style="width:32.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Available for Sale </td> <td valign="bottom" style="width:02.88%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.86%;padding:0pt;">   </td> <td valign="bottom" style="width:13.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Gains </td> <td valign="bottom" style="width:02.86%;padding:0pt;">   </td> <td valign="bottom" style="width:13.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Losses </td> <td valign="bottom" style="width:02.86%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:32.10%;background-color: #CCEEFF;padding:0pt;"> Corporate debt securities </td> <td valign="bottom" style="width:02.88%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.56%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,487 </td> <td valign="bottom" style="width:02.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.82%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> <td valign="bottom" style="width:02.86%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:13.82%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(440 </td> <td valign="bottom" style="width:02.86%;background-color: #CCEEFF;"> ) </td> <td valign="bottom" style="width:01.30%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.54%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,133 </td> <td valign="bottom" style="width:01.08%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   The contractual maturities of the unrestricted available for sale marketable securities held by the Company were as follows, in thousands:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;margin-left:0.7pt;"> <tr> <td valign="bottom" style="width:78.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;"> March 31, </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:78.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;"> (unaudited) </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;background-color: #CCEEFF;padding:0pt;"> Less Than 1 Year </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.84%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,533 </td> <td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;padding:0pt;"> 1 year to 2 years </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,722 </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;background-color: #CCEEFF;padding:0pt;"> 3 years to 4 years </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,441 </td> <td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;padding:0pt;"> Greater Than 4 Years </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;padding:0pt;"> — </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;background-color: #CCEEFF;padding:0pt;"> Total </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;background-color: #CCEEFF;padding:0pt;"> $ </td> <td valign="bottom" style="width:14.84%;background-color: #CCEEFF;;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116,696 </td> <td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:78.88%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:14.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">   </td> <td valign="bottom" style="width:01.36%;background-color: #CCEEFF;padding:0pt;">   </td> </tr> </table></div>   The Company has not experienced any other-than-temporary losses on its marketable securities and restricted marketable securities. The cost of securities sold is calculated using the specific identification method.       <div /></div> </div>

-54000

37000

114000

23000

1283000

1722000

17773000

31172000

101000

54000

-382000

-400000

-101000

-100000

5025000

16223000

200000

5926000

-1691000

-3133000

4744000

-2642000

22000

1668000

-6017000

-1865000

457000

2366000

73000

-86000

-260000

1618000

1383472

683743

456964

1915053

16490000

29450000

179000

90000

179000

90000

61000

120000

5836000

5461000

16801000

19167000

2091000

4307000

8874000

9399000

327000

531000

700000

117813000

116192000

309568000

322256000

80742000

82003000

50000

58000

23723000

656000

23067000

27533000

656000

26877000

75410000

89163000

124000

604000

-10650000

-20761000

-3142000

13358000

4825000

10297000

4056000

10114000

4825000

10297000

-1412000

-565000

6437000

16788000

5322000

1341000

1436000

2091000

5630000

4899000

331000

350000

656000

166000

656000

166000

4002000

3936000

436000

3408000

17335000

22193000

279000

300000

2955000

4573000

124000

604000

90000000

7400000

5140000

12441000

6758000

1206000

1807000

28000

2642000

12741000

6892000

1206000

1876000

45000

2722000

4344000

4342000

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 60.00%;margin-left:108pt;"> <tr> <td valign="top" style="width:46.72%;padding:0pt;"> Computer equipment </td> <td valign="top" style="width:53.28%;padding:0pt;"> 3 years </td> </tr> <tr> <td valign="top" style="width:46.72%;padding:0pt;"> Software </td> <td valign="top" style="width:53.28%;padding:0pt;"> 3 years </td> </tr> <tr> <td valign="top" style="width:46.72%;padding:0pt;"> Lab equipment and furniture </td> <td valign="top" style="width:53.28%;padding:0pt;"> 5 - 10 years </td> </tr> <tr> <td valign="top" style="width:46.72%;padding:0pt;"> Leasehold improvements </td> <td valign="top" style="width:53.28%;padding:0pt;"> Shorter of lease term or useful life </td> </tr> </table></div>   <div /></div> </div>

P3Y

P10Y

P5Y

10562000

9601000

-84288000

-211000

392000

-73810000

44194000

57576000

1119000

1149000

43025000

56369000

25160000

28238000

1359000

1827000

P1Y

P10Y

8000000

1503004

2238770

8.62

9.23

P6Y5M27D

P6Y8M23D

4575

17.38

1028525

3644088

4603137

10.25

13.62

P7Y7M2D

P7Y11M1D

3591528

4603137

10.22

13.62

P7Y6M26D

P7Y11M1D

9.31

25.30

31.30

191755000

276127000

50000

-84288000

276338000

50000

-84107000

206064000

279792000

50000

-73810000

64901

1023000

101000

54000

1911973

2605808

51152072

52764442

49240099

50158634