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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value
The following table presents the Company’s financial assets and liabilities which are measured at fair values on a recurring basis as of December 31, 2016 and 2015, (in thousands):
 
 
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
December 31, 2016
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Repurchase agreements
 
$
232,131

 
$
—

 
$
232,131

 
$
—

Money market
 
50,179

 
—

 
50,179

 
—

Certificates of deposit
 
48

 
—

 
48

 
—

Total cash equivalents
 
$
282,358


$
—


$
282,358


$
—

December 31, 2015
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Repurchase agreements
 
$
144,082

 
$
—

 
$
144,082

 
$
—

Money market
 
55,062

 
—

 
55,062

 
—

Certificates of deposit
 
9,373

 
—

 
9,373

 
—

Total cash equivalents
 
$
208,517


$
—


$
208,517


$
—