XML 26 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are as follows (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

 

 

 

 

Quoted Prices in

Active Markets

for Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of September 30, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

17,907

 

 

$

17,907

 

 

$

 

 

$

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

7,402

 

 

 

 

 

 

7,402

 

 

 

 

Commercial paper

 

 

21,193

 

 

 

 

 

 

21,193

 

 

 

 

Corporate debt securities

 

 

21,594

 

 

 

 

 

 

21,594

 

 

 

 

United States treasury securities

 

 

10,427

 

 

 

10,427

 

 

 

 

 

 

 

 

Sub-total short-term investments

 

 

60,616

 

 

 

10,427

 

 

 

50,189

 

 

 

 

Total assets measured at fair value

 

$

78,523

 

 

$

28,334

 

 

$

50,189

 

 

$

 

As of December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

29,251

 

 

$

29,251

 

 

$

 

 

$

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

7,843

 

 

 

 

 

 

7,843

 

 

 

 

Corporate debt securities

 

 

20,913

 

 

 

 

 

 

20,913

 

 

 

 

United States treasury securities

 

 

5,003

 

 

 

5,003

 

 

 

 

 

 

 

Sub-total short-term investments

 

 

33,759

 

 

 

5,003

 

 

 

28,756

 

 

 

 

Available-for-sale investments, long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

4,002

 

 

 

 

 

 

4,002

 

 

 

 

Sub-total long-term investments

 

 

4,002

 

 

 

 

 

 

4,002

 

 

 

 

Total assets measured at fair value

 

$

67,012

 

 

$

34,254

 

 

$

32,758

 

 

$

 

 

Schedule of Available-for-sale Investments

As of September 30, 2017 and December 31, 2016 available-for-sale investments are detailed as follows (in thousands):

 

 

 

September 30, 2017

 

 

 

Gross

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Market Value

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

$

7,403

 

 

 

 

 

 

(1

)

 

$

7,402

 

Commercial paper

 

 

21,193

 

 

 

 

 

 

 

 

 

21,193

 

Corporate debt securities

 

 

21,601

 

 

 

 

 

 

(7

)

 

 

21,594

 

United States treasury securities

 

 

10,433

 

 

 

 

 

 

(6

)

 

 

10,427

 

 

 

$

60,630

 

 

$

 

 

$

(14

)

 

$

60,616

 

 

 

 

December 31, 2016

 

 

 

Gross

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Market Value

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

7,843

 

 

$

 

 

$

 

 

$

7,843

 

Corporate debt securities

 

 

20,942

 

 

 

 

 

 

(29

)

 

 

20,913

 

United States Treasury securities

 

 

5,002

 

 

 

1

 

 

 

 

 

 

5,003

 

 

 

$

33,787

 

 

$

1

 

 

$

(29

)

 

$

33,759

 

Available-for-sale investments, long-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

$

4,001

 

 

$

1

 

 

$

 

 

$

4,002

 

 

 

$

4,001

 

 

$

1

 

 

$

 

 

$

4,002