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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables represent the fair value hierarchy as of June 30, 2019 and December 31, 2018, for those assets and liabilities that we measure at fair value on a recurring basis (in thousands):
 
Fair Value Measurements at June 30, 2019 Using:
 
 
 
Quoted Prices in
 
 
 
Significant
 
 
 
Active Markets for
 
Significant Other
 
Unobservable
 
 
 
Identical Assets
 
Observable Inputs
 
Inputs
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
35,437

 
$
7,242

 
$
28,195

 
$

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities
94,700

 

 
94,700

 

U.S. treasury and government agency securities
6,383

 

 
6,383

 

Certificates of deposit
8,000

 

 
8,000

 

Commercial paper
1,500

 

 
1,500

 

Total marketable securities
$
110,583

 
$

 
$
110,583

 
$

Total assets
$
146,020

 
$
7,242

 
$
138,778

 
$

Liabilities:
 

 
 

 
 

 
 

Contingent consideration - MuGard
$
311

 
$

 
$

 
$
311

Total liabilities
$
311

 
$

 
$

 
$
311

 
 
Fair Value Measurements at December 31, 2018 Using:
 
 
 
Quoted Prices in
 
 
 
Significant
 
 
 
Active Markets for
 
Significant Other
 
Unobservable
 
 
 
Identical Assets
 
Observable Inputs
 
Inputs
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
71,568

 
$
71,568

 
$

 
$

Corporate debt securities
113,097

 

 
113,097

 

U.S. treasury and government agency securities
10,323

 

 
10,323

 

Certificates of deposit
13,500

 

 
13,500

 

Commercial paper
3,995

 

 
3,995

 

Total assets
$
212,483

 
$
71,568

 
$
140,915

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration - MuGard
359

 

 

 
359

Total liabilities
$
359

 
$

 
$

 
$
359