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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2018
Investments Debt And Equity Securities [Abstract]  
Cash Equivalents and Investments Classified as Available-for-sale Securities

Cash equivalents and investments, all of which are classified as available-for-sale securities, consisted of the following (in thousands):

 

 

June 30, 2018

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gain

 

 

(Loss)

 

 

Value

 

 

Cost

 

 

Gain

 

 

(Loss)

 

 

Value

 

Money market funds

 

$

27,208

 

 

$

 

 

$

 

 

$

27,208

 

 

$

31,836

 

 

$

 

 

$

 

 

$

31,836

 

Corporate notes and commercial paper

 

 

247,454

 

 

 

 

 

 

(373

)

 

 

247,081

 

 

 

313,307

 

 

 

2

 

 

 

(145

)

 

 

313,164

 

U.S. Treasury bills and government agency securities

 

 

163,422

 

 

 

3

 

 

 

(304

)

 

 

163,121

 

 

 

170,724

 

 

 

 

 

 

(266

)

 

 

170,458

 

 

 

$

438,084

 

 

$

3

 

 

$

(677

)

 

$

437,410

 

 

$

515,867

 

 

$

2

 

 

$

(411

)

 

$

515,458

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

153,797

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

162,793

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

262,836

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

281,589

 

Long-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

71,076

 

Total cash equivalents and investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

437,410

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

515,458