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Short-term Investments (Tables)
9 Months Ended
Sep. 30, 2015
Short-term Investments [Abstract]  
Short-term Investments Measured at Fair Value

As of September 30, 2015, the fair value of the Company’s short-term investments was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

   

Amortized cost

   

Unrealized gains

   

Unrealized loss

   

Fair value

 

 

(unaudited)

U.S. agency notes

 

$

25,281

 

$

3

 

$

(1)

 

$

25,283

Corporate bonds

 

 

27,027

 

 

1

 

 

(10)

 

 

27,018

Commercial paper

 

 

20,313

 

 

1

 

 

 —

 

 

20,314

Marketable securities

 

 

72,621

 

 

5

 

 

(11)

 

 

72,615

Certificates of deposit

 

 

15,000

 

 

 —

 

 

 —

 

 

15,000

Total short-term investments

 

$

87,621

 

$

5

 

$

(11)

 

$

87,615

 

As of December 31, 2014, the fair value of the Company’s short-term investments was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

   

Amortized cost

   

Unrealized gains

   

Unrealized loss

   

Fair value

U.S. agency notes

 

$

33,489

 

$

 —

 

$

(13)

 

$

33,476

Corporate bonds

 

 

44,025

 

 

3

 

 

(44)

 

 

43,984

Commercial paper

 

 

31,318

 

 

 —

 

 

(1)

 

 

31,317

Marketable securities

 

 

108,832

 

 

3

 

 

(58)

 

 

108,777

Certificates of deposit

 

 

3,000

 

 

 —

 

 

 —

 

 

3,000

Total short-term investments

 

$

111,832

 

$

3

 

$

(58)

 

$

111,777