Schedule of Financial Assets That Have Been Measured at Fair Value |
The following table presents information about the Company’s
financial assets that have been measured at fair value at
December 31, 2016 and indicates the fair value hierarchy of
the valuation inputs utilized to determine such fair value (in
thousands):
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Description
|
|
Total |
|
|
Quoted Prices
in Active
Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
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Financial assets
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|
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|
|
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|
|
|
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
$ |
37,916 |
|
|
$ |
37,916 |
|
|
$ |
— |
|
|
$ |
— |
|
Investments:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt securities
|
|
|
52,722 |
|
|
|
— |
|
|
|
52,722 |
|
|
|
— |
|
Commercial paper
|
|
|
24,668 |
|
|
|
— |
|
|
|
24,668 |
|
|
|
— |
|
U.S. government and agency securities
|
|
|
2,499 |
|
|
|
— |
|
|
|
2,499 |
|
|
|
— |
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Non-current:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Corporate debt securities (one to two year maturity)
|
|
|
43,435 |
|
|
|
— |
|
|
|
43,435 |
|
|
|
— |
|
U.S. government securities
|
|
|
1,999 |
|
|
|
— |
|
|
|
1,999 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
163,239 |
|
|
$ |
37,916 |
|
|
$ |
125,323 |
|
|
$ |
— |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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The following table presents information about the Company’s
financial assets that have been measured at fair value at
December 31, 2015 and indicates the fair value hierarchy of
the valuation inputs utilized to determine such fair value (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description
|
|
Total |
|
|
Quoted Prices
in Active
Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Financial assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
$ |
49,172 |
|
|
$ |
49,172 |
|
|
$ |
— |
|
|
$ |
— |
|
Investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt securities
|
|
|
86,447 |
|
|
|
— |
|
|
|
86,447 |
|
|
|
— |
|
Commercial paper
|
|
|
29,828 |
|
|
|
— |
|
|
|
29,828 |
|
|
|
— |
|
U.S. government and agency securities
|
|
|
1,000 |
|
|
|
— |
|
|
|
1,000 |
|
|
|
— |
|
Non-current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt securities (one to two year maturity)
|
|
|
33,878 |
|
|
|
— |
|
|
|
33,878 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
200,325 |
|
|
$ |
49,172 |
|
|
$ |
151,153 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Schedule of Potentially Dilutive Securities Were Excluded From The Calculation of Diluted Net Loss Per Share Due to Their Anti-Dilutive Effect |
The following potentially dilutive securities were excluded from
the calculation of diluted net loss per share due to their
anti-dilutive effect at December 31, 2016, 2015 and 2014 (in
common stock equivalent shares):
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December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
Outstanding stock options
|
|
|
5,574,179 |
|
|
|
4,443,317 |
|
|
|
3,012,923 |
|
Unvested restricted stock
|
|
|
— |
|
|
|
— |
|
|
|
11,410 |
|
Unvested restricted stock units
|
|
|
214,300 |
|
|
|
508,800 |
|
|
|
— |
|
|