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Fair Value (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Fair Value Hierarchy of Assets Carried at Fair Value and Measured on a Recurring Basis
The fair value hierarchy of assets carried at fair value and measured on a recurring basis was as follows (in thousands): 
 
Fair value measurement using:
 
Quoted prices
in active
markets for
identical assets
(Level 1)
 
Other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
Total
September 30, 2018
 
 
 
 
 
 
 
Short-term investments—U.S. Treasury securities
$
347,619

 
$
—

 
$
—

 
$
347,619

Long-term investments—U.S. Treasury securities
22,635

 
—

 
—

 
22,635

Other non-current assets—equity securities
169,358

 
—

 
—

 
169,358

Total
$
539,612

 
$
—

 
$
—

 
$
539,612

December 31, 2017
 
 
 
 
 
 
 
Short-term investments—U.S. Treasury securities
$
252,226

 
$
—

 
$
—

 
$
252,226

Other non-current assets—equity securities
188,358

 
—

 
—

 
188,358

Total
$
440,584

 
$
—

 
$
—

 
$
440,584