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Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

19,387

 

 

$

 

 

$

 

 

$

19,387

 

U.S. government sponsored entity debt securities

 

 

8,669

 

 

 

1

 

 

 

 

 

 

8,670

 

Total

 

 

28,056

 

 

 

1

 

 

 

 

 

 

28,057

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper securities

 

$

32,413

 

 

$

55

 

 

$

 

 

$

32,468

 

Corporate debt securities

 

 

14,563

 

 

 

1

 

 

 

(5

)

 

 

14,559

 

U.S. government sponsored entity debt securities

 

 

108,501

 

 

 

50

 

 

 

(3

)

 

 

108,548

 

Total

 

 

155,477

 

 

 

106

 

 

 

(8

)

 

 

155,575

 

Total cash equivalents and available-for-sale securities

 

$

183,533

 

 

$

107

 

 

$

(8

)

 

$

183,632

 

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