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Marketable Securities and Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2017
Marketable Securities And Fair Value Disclosures [Abstract]  
Summary of Marketable Securities

Marketable securities consisted of the following as of March 31, 2017 and December 31, 2016 (in thousands):

 

 

March 31, 2017

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Short-term available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

$

13,050

 

 

$

3

 

 

$

(12

)

 

$

13,041

 

Total

$

13,050

 

 

$

3

 

 

$

(12

)

 

$

13,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Short-term available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

$

13,778

 

 

$

 

 

$

(16

)

 

$

13,762

 

Total

$

13,778

 

 

$

 

 

$

(16

)

 

$

13,762

 

Long-term available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

$

2,355

 

 

$

3

 

 

$

(6

)

 

$

2,352

 

Total

$

2,355

 

 

$

3

 

 

$

(6

)

 

$

2,352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Amortized Cost and Estimated Fair Value of Available-for-Sale Securities by Contractual Maturity

As of March 31, 2017, the amortized cost and estimated fair value of available-for-sale securities by contractual maturity were as follows (in thousands):

 

Amortized

 

 

Fair

 

 

Cost

 

 

Value

 

Due in one year or less

$

13,050

 

 

$

13,041

 

Total

$

13,050

 

 

$

13,041

 

 

 

 

 

 

 

 

 

 

Summary of Assets Measured at Fair Value on Recurring Basis

The following table identifies the Company’s assets that were measured at fair value on a recurring basis (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market

$

6,170

 

 

$

6,170

 

 

$

 

 

$

 

Corporate bonds

 

13,041

 

 

 

 

 

 

13,041

 

 

 

 

Total

$

19,211

 

 

$

6,170

 

 

$

13,041

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market

$

7,672

 

 

$

7,672

 

 

$

 

 

$

 

Corporate bonds

 

16,114

 

 

 

 

 

 

16,114

 

 

 

 

Total

$

23,786

 

 

$

7,672

 

 

$

16,114

 

 

$