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Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2015
Investments Debt And Equity Securities [Abstract]  
Schedule of Investments

The table below summarizes the Company’s investments (in thousands):

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

17,089

 

 

$

 

 

$

 

 

$

17,089

 

Total

 

 

17,089

 

 

 

 

 

 

 

 

 

17,089

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper securities

 

$

31,121

 

 

$

27

 

 

$

 

 

$

31,148

 

Corporate debt securities

 

 

23,261

 

 

 

5

 

 

 

 

 

 

23,266

 

U.S. government sponsored entity debt securities

 

 

146,062

 

 

 

 

 

 

(7

)

 

 

146,055

 

Total

 

 

200,444

 

 

 

32

 

 

 

(7

)

 

 

200,469

 

Total cash equivalents and available-for-sale securities

 

$

217,533

 

 

$

32

 

 

$

(7

)

 

$

217,558

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

3,182

 

 

$

 

 

$

 

 

$

3,182

 

Total

 

 

3,182

 

 

 

 

 

 

 

 

 

3,182

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper securities

 

$

33,715

 

 

$

33

 

 

$

 

 

$

33,748

 

Corporate debt securities

 

 

22,831

 

 

 

 

 

 

(18

)

 

 

22,813

 

U.S. government sponsored entity debt securities

 

 

163,671

 

 

 

 

 

 

(40

)

 

 

163,631

 

Total

 

 

220,217

 

 

 

33

 

 

 

(58

)

 

 

220,192

 

Total cash equivalents and available-for-sale securities

 

$

223,399

 

 

$

33

 

 

$

(58

)

 

$

223,374