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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]  
Summary of Cash Equivalents and Available-for-Sale Securities

The table below summarizes the Company’s cash equivalents and available-for-sale securities (in thousands):

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

25,070

 

 

$

 

 

$

 

 

$

25,070

 

Commercial paper securities

 

 

2,000

 

 

 

 

 

 

 

 

 

2,000

 

U.S. government sponsored entity debt securities

 

 

38,866

 

 

 

1

 

 

 

 

 

 

38,867

 

Total

 

 

65,936

 

 

 

1

 

 

 

 

 

 

65,937

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper securities

 

$

30,667

 

 

$

50

 

 

$

 

 

$

30,717

 

Corporate debt securities

 

 

17,275

 

 

 

 

 

 

(12

)

 

 

17,263

 

U.S. government sponsored entity debt securities

 

 

91,562

 

 

 

 

 

 

(24

)

 

 

91,538

 

Total

 

 

139,504

 

 

 

50

 

 

 

(36

)

 

 

139,518

 

Total cash equivalents and available-for-sale securities

 

$

205,440

 

 

$

51

 

 

$

(36

)

 

$

205,455

 

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