Short-term investments

3 Months Ended

Mar. 31, 2017

Short-term investments

Short-term investments

12.Short-term investments

The Company’s short-term investments were as follows:

	As of December 31, 2016
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Short-term investments:	$	—	$	—	$	—		$	—
Available-for-sale investments	$	51,094	$	—	$	(18	)	$	51,076
Term deposits	$	30	$	—	$	—		$	30
Total	$	51,124	$	—	$	(18	)	$	51,106

	As of March 31, 2017
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
Short-term investments:	$	—	$	—	$	—		$	—
Available-for-sale investments	$	41,047	$	—	$	(16	)	$	41,031
Term deposits	$	30	$	—	$	—		$	30
Total	$	41,077	$	—	$	(16	)	$	41,061

As of March 31, 2017 and December 31, 2016, the Company’s short-term investments were classified as available-for-sale and comprised a (i) money market fund that invests all of its assets, excluding cash and deposits, in short term U.S. dollar-denominated debt securities, and (ii) a U.S. treasury note.