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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following tables present the balances of assets measured at fair value on a recurring basis, by level within the fair value hierarchy, as of the date presented (in thousands):

 

 

 

March 31, 2018

 

 

 

LEVEL 1

 

 

LEVEL 2

 

Cash equivalents:

 

 

 

 

 

 

 

 

Money market funds

 

$

13,772

 

 

$

 

Commercial paper

 

 

 

 

 

2,997

 

Treasury bill

 

 

 

 

 

2,500

 

Short-term investments:

 

 

 

 

 

 

 

 

U.S. government agency securities

 

 

 

 

 

9,937

 

Corporate notes and bonds

 

 

 

 

 

7,540

 

Commercial paper

 

 

 

 

 

3,983

 

Treasury bill

 

 

 

 

 

8,413

 

Total

 

$

13,772

 

 

$

35,370

 

 

 

 

December 31, 2017

 

 

 

LEVEL 1

 

 

LEVEL 2

 

Cash equivalents:

 

 

 

 

 

 

 

 

Money market funds

 

$

10,393

 

 

$

 

Commercial paper

 

 

 

 

 

1,000

 

Short-term investments:

 

 

 

 

 

 

 

 

U.S. government agency securities

 

 

 

 

 

13,970

 

Corporate notes and bonds

 

 

 

 

 

7,503

 

Commercial paper

 

 

 

 

 

8,972

 

Treasury bills

 

 

 

 

 

8,386

 

Total

 

$

10,393

 

 

$

39,831