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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of financial instruments measured at fair value on recurring basis
 
 
December 31, 2016
 
 
 
 
Fair value measurements using
 
 
 
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$

 
$
32,907

 
$

 
$
32,907

Money market accounts
 
32,031

 

 

 
32,031

Total assets at fair value
 
$
32,031

 
$
32,907

 
$

 
$
64,938

Financial instruments measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 are classified based on the valuation technique in the table below:
 
 
September 30, 2017
 
 
 
 
Fair value measurements using
 
 
 
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
 
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 
U.S. Treasury securities
 
$

 
$
28,860

 
$

 
$
28,860

Money market accounts
 
6,114

 

 

 
6,114

Total assets at fair value
 
$
6,114

 
$
28,860

 
$

 
$
34,974

Schedule of short-term investments
Short-term Investments
 
 
 
September 30, 2017
 
 
Amortized
Cost
 
Gross
Unrealized
Holding
Gains
 
Gross
Unrealized
Holding
Losses
 
Fair
Value
 
 
(In thousands)
U.S. Treasury securities
 
$
28,881

 
$

 
$
(21
)
 
$
28,860

Total
 
$
28,881

 
$

 
$
(21
)
 
$
28,860


 
 
December 31, 2016
 
 
Amortized
Cost
 
Gross
Unrealized
Holding
Gains
 
Gross
Unrealized
Holding
Losses
 
Fair
Value
 
 
(In thousands)
U.S. Treasury securities
 
$
32,914

 
$

 
$
(7
)
 
$
32,907

Total
 
$
32,914

 
$

 
$
(7
)
 
$
32,907