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Available-for-sale Securities (Tables)
12 Months Ended
Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]  
Summary of Available-for-Sale Securities

The following is a summary of available-for-sale securities at December 31, 2016 (in thousands):

 

 

 

December 31, 2016

 

 

 

Amortized Cost

 

 

Gross

Unrealized Gain

 

 

Gross

Unrealized Loss

 

 

Fair Value

 

Money market funds

 

$

8,991

 

 

$

 

 

$

 

 

$

8,991

 

United States government agency securities

 

 

8,030

 

 

 

 

 

 

(1

)

 

 

8,029

 

Corporate debt securities

 

 

37,110

 

 

 

 

 

 

(23

)

 

 

37,087

 

Marketable equity securities

 

 

 

 

 

3,952

 

 

 

 

 

 

3,952

 

Total available-for-sale securities

 

$

54,131

 

 

$

3,952

 

 

$

(24

)

 

$

58,059

 

The following is a summary of available-for-sale securities at December 31, 2015(in thousands):

 

 

 

December 31, 2015

 

 

 

Amortized Cost

 

 

Gross

Unrealized Gain

 

 

Gross

Unrealized Loss

 

 

Fair Value

 

Money market funds

 

$

59,302

 

 

$

 

 

$

 

 

$

59,302

 

Corporate debt securities

 

 

25,747

 

 

 

 

 

 

(49

)

 

 

25,698

 

Marketable equity securities

 

 

 

 

 

11,163

 

 

 

 

 

 

11,163

 

Total available-for-sale securities

 

$

85,049

 

 

$

11,163

 

 

$

(49

)

 

$

96,163

 

 

Available-for-Sale Debt Securities by Original Contractual Maturity

Available-for-sale securities at December 31, 2016 and 2015, consisted of the following by contractual maturity (in thousands):

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Amortized Cost

 

 

Fair Value

 

 

Amortized Cost

 

 

Fair Value

 

One year or less

 

$

54,131

 

 

$

54,107

 

 

$

85,049

 

 

$

85,000

 

Marketable equity securities

 

 

 

 

 

3,952

 

 

 

 

 

 

11,163

 

Greater than one year and less than five years

 

 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities

 

$

54,131

 

 

$

58,059

 

 

$

85,049

 

 

$

96,163

 

 

Available-for-Sale Marketable Securities in Unrealized Position

The following tables show all available-for-sale marketable securities in an unrealized loss position for which an other-than-temporary impairment has not been recognized and the related gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

 

 

 

December 31, 2016

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

Money market funds

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

United States government

   agency securities

 

 

6,035

 

 

 

(1

)

 

 

 

 

 

 

 

 

6,035

 

 

 

(1

)

Corporate debt securities

 

 

34,086

 

 

 

(23

)

 

 

 

 

 

 

 

 

34,086

 

 

 

(23

)

Total available-for-sale

   securities

 

$

40,121

 

 

$

(24

)

 

$

 

 

$

 

 

$

40,121

 

 

$

(24

)

 

 

 

December 31, 2015

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

Money market funds

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

United States government

   agency securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

20,170

 

 

 

(46

)

 

 

5,528

 

 

 

(3

)

 

 

25,698

 

 

 

(49

)

Total available-for-sale

   securities

 

$

20,170

 

 

$

(46

)

 

$

5,528

 

 

$

(3

)

 

$

25,698

 

 

$

(49

)