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Restricted cash
12 Months Ended
Dec. 31, 2016
Cash And Cash Equivalents [Abstract]  
Restricted cash

6. Restricted cash

As of December 31, 2016 and 2015, the Company maintained letters of credit of $14.4 million and $10.0 million, respectively, which are required to be collateralized with a bank account at a financial institution in accordance with the Company’s current and future headquarters’ lease agreements. At December 31, 2016, $13.8 million relates to the 60 Binney Street Lease. Subject to the terms of the lease and certain reduction requirements specified therein, including market capitalization requirements, this amount may decrease by $1.5 million on the third, fourth, and fifth anniversaries of the date the Company occupies the building.