XML 37 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Financial Instruments

The fair value of these instruments as of September 30, 2018 and December 31, 2017 was as follows (in thousands):

 

 

 

Quoted

Prices in

Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury money market funds

 

$

15,496

 

 

$

—

 

 

$

—

 

Commercial paper

 

$

—

 

 

$

5,817

 

 

$

—

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

11,985

 

 

$

—

 

 

$

—

 

Asset backed securities

 

 

 

 

 

$

9,480

 

 

 

 

 

Corporate securities

 

$

—

 

 

$

19,080

 

 

$

—

 

Commercial paper

 

$

—

 

 

$

46,557

 

 

$

—

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange derivatives not designated as hedging instruments

 

$

—

 

 

$

4

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

12,079

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury money market funds

 

$

4,540

 

 

$

—

 

 

$

—

 

Commercial paper

 

$

—

 

 

$

1,029

 

 

$

—

 

Repurchase agreements

 

$

—

 

 

$

2,500

 

 

$

—

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

11,885

 

 

$

—

 

 

$

—

 

Asset backed securities

 

 

 

 

 

$

8,383

 

 

 

 

 

Corporate securities

 

$

—

 

 

$

22,082

 

 

$

—

 

Commercial paper

 

$

—

 

 

$

29,842

 

 

$

—

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange derivatives not designated as hedging instruments

 

$

—

 

 

$

40

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

11,948

 

 
Summary of Changes in Fair Value of Company's Level 3 Financial Instruments

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments (in thousands) for the nine months ended September 30, 2018 and year ended December 31, 2017: 

 

 

 

Warrant

Liability

 

 

Put options on

convertible promissory notes

 

 

Contingent

Consideration

 

As of December 31, 2016

 

$

303

 

 

$

979

 

 

$

9,708

 

Change in fair value

 

 

67

 

 

 

169

 

 

 

2,240

 

Put option at issuance of convertible promissory notes

 

 

—

 

 

 

828

 

 

 

—

 

Conversion of convertible promissory notes

 

 

 

 

 

 

(1,976

)

 

 

 

 

Reclassification of warrant liability to common equity upon Merger

 

 

(370

)

 

 

—

 

 

 

—

 

Balance at December 31, 2017

 

$

—

 

 

$

—

 

 

$

11,948

 

Change in fair value

 

 

—

 

 

 

—

 

 

 

131

 

Balance at September 30, 2018

 

$

—

 

 

$

—

 

 

$

12,079