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Investments (Tables)
6 Months Ended
Jun. 30, 2017
Schedule of Investments [Abstract]  
Summary of Investments

The following table summarizes the Company’s investments as of June 30, 2017 (in thousands):

 

     Amortized Cost      Gross Unrealized
Gains
     Gross Unrealized
Loss
    Fair Value  

Current:

          

Corporate debt securities

   $ 64,449      $ 3      $ (79   $ 64,373  

Commercial paper

     19,207        —          (3     19,204  

U.S. government and agency securities

     4,500        —          (4     4,496  

Non-current:

          

Corporate debt securities (one to two year maturity)

     34,816        12        (59     34,769  

Certificates of deposit (one to two year maturity)

     2,500        —          —         2,500  
  

 

 

    

 

 

    

 

 

   

 

 

 
   $ 125,472      $ 15      $ (145   $ 125,342  
  

 

 

    

 

 

    

 

 

   

 

 

 

The following table summarizes the Company’s investments as of December 31, 2016 (in thousands):

 

     Amortized Cost      Gross Unrealized
Gains
     Gross Unrealized
Loss
    Fair Value  

Current:

          

Corporate debt securities

   $ 52,762      $ 5      $ (45   $ 52,722  

Commercial paper

     24,670        5        (7     24,668  

U.S. government and agency securities

     2,500        —          (1     2,499  

Non-current:

          

Corporate debt securities (one to two year maturity)

     43,546        29        (140     43,435  

U.S. government and agency securities

     2,000        —          (1     1,999  
  

 

 

    

 

 

    

 

 

   

 

 

 
   $ 125,478      $ 39      $ (194   $ 125,323