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Marketable Securities
9 Months Ended
Sep. 30, 2017
Investments Debt And Equity Securities [Abstract]  
Marketable securities

3. Marketable securities

The following table summarizes the available-for-sale securities held at September 30, 2017 and December 31, 2016 (in thousands):

 

Description

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities and treasuries

 

$

887,586

 

 

$

5

 

 

$

(1,405

)

 

$

886,186

 

Certificates of deposit

 

 

18,480

 

 

 

2

 

 

 

 

 

 

18,482

 

Total

 

$

906,066

 

 

$

7

 

 

$

(1,405

)

 

$

904,668

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities and treasuries

 

$

600,001

 

 

$

34

 

 

$

(575

)

 

$

599,460

 

Certificates of deposit

 

 

6,480

 

 

 

6

 

 

 

(3

)

 

 

6,483

 

Total

 

$

606,481

 

 

$

40

 

 

$

(578

)

 

$

605,943

 

 

No available-for-sale securities held as of September 30, 2017 or December 31, 2016 had remaining maturities greater than three years.