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Marketable Securities (Tables)
9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Summary of marketable securities
The following is a summary of our marketable securities as of September 30, 2018 and December 31, 2017 (in thousands):
 
September 30, 2018
 
 
 
Gross
 
Gross
 
Estimated
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
Cost
 
Gains
 
Losses
 
Value
Short-term marketable securities:*
 
 
 
 
 
 
 
Corporate debt securities
$
53,862

 
$
1

 
$
(174
)
 
$
53,689

Certificates of deposit
13,000

 

 

 
13,000

U.S. treasury and government agency securities
6,149

 

 
(29
)
 
6,120

Commercial paper
5,462

 

 

 
5,462

Total short-term marketable securities
$
78,473

 
$
1

 
$
(203
)
 
$
78,271

Long-term marketable securities:**
 
 
 
 
 
 
 
Corporate debt securities
$
55,017

 
$
2

 
$
(580
)
 
$
54,439

U.S. treasury and government agency securities
6,236

 

 
(78
)
 
6,158

Certificates of deposit
1,500

 

 

 
1,500

Total long-term marketable securities
62,753

 
2

 
(658
)
 
62,097

Total marketable securities
$
141,226

 
$
3

 
$
(861
)
 
$
140,368


* Represents marketable securities with a remaining maturity of less than one year.
** Represents marketable securities with a remaining maturity of one to three years.
 
 
December 31, 2017
 
 
 
Gross
 
Gross
 
Estimated
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
Cost
 
Gains
 
Losses
 
Value
Short-term marketable securities:*
 
 
 
 
 
 
 
Corporate debt securities
$
57,257

 
$

 
$
(68
)
 
$
57,189

Certificates of deposit
9,151

 

 

 
9,151

U.S. treasury and government agency securities
1,999

 

 
(13
)
 
1,986

Commercial paper
1,999

 

 

 
1,999

Total short-term marketable securities
$
70,406

 
$

 
$
(81
)
 
$
70,325

Long-term marketable securities:**
 
 
 
 
 
 
 
Corporate debt securities
$
59,282

 
$
1

 
$
(320
)
 
$
58,963

U.S. treasury and government agency securities
7,381

 

 
(76
)
 
7,305

Total long-term marketable securities
66,663

 
1

 
(396
)
 
66,268

Total marketable securities
$
137,069

 
$
1

 
$
(477
)
 
$
136,593



* Represents marketable securities with a remaining maturity of less than one year.
** Represents marketable securities with a remaining maturity of one to three years.