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Cash and Cash Equivalents and Investments (Tables)
12 Months Ended
Dec. 31, 2016
Cash and Cash Equivalents and Investments [Abstract]  
Schedule of Cash, Cash Equivalents and Short-term Investments
 
As of December 31, 2016
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
 
 
 
(in thousands)
 
 
Cash and cash equivalents
$
46,600

 
$

 
$

 
$
46,600

Securities maturing within one year:
 
 
 
 
 
 
 
U.S. treasury securities
227,911

 
1

 
(107
)
 
227,805

Corporate debt securities
72,188

 
1

 
(90
)
 
72,099

Total short-term investments
$
300,099

 
$
2

 
$
(197
)
 
$
299,904

Total cash and cash equivalents and investments
$
346,699

 
$
2

 
$
(197
)
 
$
346,504

 
 
As of December 31, 2015
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Estimated Fair Value
 
 
 
(in thousands)
 
 
Cash and cash equivalents
$
202,989

 
$

 
$

 
$
202,989

Securities maturing within one year:
 
 
 
 
 
 
 
U.S. treasury securities
313,105

 
2

 
(219
)
 
312,888

Corporate debt securities
5,477

 

 
(2
)
 
5,475

Total short-term investments
$
318,582

 
$
2

 
$
(221
)
 
$
318,363

Total cash and cash equivalents and investments
$
521,571

 
$
2

 
$
(221
)
 
$
521,352