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Marketable Securities
9 Months Ended
Sep. 30, 2018
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

3. Marketable Securities

As of September 30, 2018, the fair value of marketable securities by type of security was as follows (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

Description

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. government agency securities and treasuries

 

$

92,598

 

 

$

 

 

$

76

 

 

$

92,522

 

Total

 

$

92,598

 

 

$

 

 

$

76

 

 

$

92,522

 

 

The Company did not have any marketable securities as of December 31, 2017.

The estimated fair value and amortized cost of the Company’s available-for-sale securities by contractual maturity are summarized as follows (in thousands):

 

 

 

September 30, 2018

 

 

 

Amortized

 

 

Fair

 

 

 

Cost

 

 

Value

 

Due in one year or less

 

$

92,598

 

 

$

92,522

 

Total

 

$

92,598

 

 

$

92,522