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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Assets Measured at Fair Value on Recurring Basis

 

Following are the major categories of assets measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3) (in thousands):

 

June 30, 2016

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

$

56,220

 

 

$

 

 

$

 

 

$

56,220

 

Commercial paper

 

 

 

 

 

33,336

 

 

 

 

 

 

33,336

 

Marketable securities - U.S. government

 

 

 

 

 

6,017

 

 

 

 

 

 

6,017

 

Marketable securities - corporate bonds

 

 

 

 

 

46,599

 

 

 

 

 

 

46,599

 

 

 

$

56,220

 

 

$

85,952

 

 

$

 

 

$

142,172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

$

29,166

 

 

$

 

 

$

 

 

$

29,166

 

Commercial paper

 

 

 

 

 

2,996

 

 

 

 

 

 

2,996

 

Marketable securities - U.S. government

 

 

 

 

 

11,500

 

 

 

 

 

 

11,500

 

Marketable securities - corporate bonds

 

 

 

 

 

169,824

 

 

 

 

 

 

169,824

 

 

 

$

29,166

 

 

$

184,320

 

 

$

 

 

$

213,486