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Cash and Cash Equivalents, Restricted Cash and Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2018
Cash and Cash Equivalents [Abstract]  
Summary of Company's Cash and Cash Equivalents
The following table summarizes the Company’s cash and cash equivalents:
 
 
June 30, 2018
 
December 31, 2017
 
Recurring Fair
Value Measurement
 
 
(in thousands)
 
 
Cash and cash equivalents:
 
 

 
 

 
 
Cash
 
$
20,112

 
$
24,092

 
 
Money market funds
 
142,684

 
251,950

 
Level 1
Commercial paper
 
13,309

 
9,831

 
Level 2
Total cash and cash equivalents
 
$
176,105

 
$
285,873

 
 
Summary of Company's Marketable Securities
The following tables summarize the Company’s marketable securities:
 
 
June 30, 2018
 
 
 
 
Amortized
Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Estimated
Fair Value
 
Recurring Fair
Value Measurement
 
 
(in thousands)
 
 
Fixed-income debt securities
 
$
15,679

 
$
19

 
$
(5
)
 
$
15,693

 
Level 2
Commercial paper
 
6,440

 

 

 
6,440

 
Level 2
U.S. treasuries
 
177,679

 
30

 
(3
)
 
177,706

 
Level 2
Total marketable securities
 
$
199,798

 
$
49

 
$
(8
)
 
$
199,839

 
 
 
 
December 31, 2017
 
 
 
 
Amortized
Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Estimated
Fair Value
 
Recurring Fair
Value Measurement
 
 
(in thousands)
 
 
Fixed-income debt securities
 
$
9,520

 
$
2

 
$
(15
)
 
$
9,507

 
Level 2
U.S. treasuries
 
2,249

 

 
(3
)
 
2,246

 
Level 2
Total marketable securities
 
$
11,769

 
$
2

 
$
(18
)
 
$
11,753

 
 
Summary of Contractual Maturities of Company's Marketable Securities
The following table presents the contractual maturities of the Company’s marketable securities:
 
 
June 30, 2018
 
December 31, 2017
 
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
 
 
(in thousands)
Mature within one year
 
$
199,798

 
$
199,839

 
$
11,519

 
$
11,504

Mature after one year and within three years
 

 

 
250

 
249

Total
 
$
199,798

 
$
199,839

 
$
11,769

 
$
11,753