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Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
Investments All Other Investments [Abstract]  
Summary of Financial Instruments

The following is a summary of financial instruments (in thousands):

 

 

 

As of September 30, 2018

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Estimated Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Values

 

Available-for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Paper

 

$

9,883

 

 

$

 

 

$

(8

)

 

$

9,875

 

Money market funds

 

 

4,911

 

 

 

 

 

 

 

 

 

4,911

 

Corporate bonds

 

 

49,242

 

 

 

 

 

 

(112

)

 

 

49,130

 

U.S. government securities

 

 

1,500

 

 

 

 

 

 

 

 

 

1,500

 

Total available-for-sale securities

 

$

65,536

 

 

$

 

 

$

(120

)

 

$

65,416

 

Reported in:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,909

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

58,507

 

Total available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

$

65,416

 

 

 

 

As of December 31, 2017

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Estimated Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Values

 

Available-for sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

13,927

 

 

$

 

 

$

(11

)

 

$

13,916

 

Money market funds

 

 

1,269

 

 

 

 

 

 

 

 

 

1,269

 

Corporate bonds

 

 

36,534

 

 

 

 

 

 

(81

)

 

 

36,453

 

U.S. government securities

 

 

2,489

 

 

 

 

 

 

(4

)

 

 

2,485

 

Total available-for-sale securities

 

$

54,219

 

 

$

 

 

$

(96

)

 

$

54,123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported in:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5,761

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48,362

 

Total available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

$

54,123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Contractual Maturities of Available-for-sale Securities

The contractual maturities of available-for-sale securities are presented in the following table (in thousands):

 

 

 

As of September 30, 2018

 

 

 

Amortized

Cost Basis

 

 

Estimated

Fair Value

 

Due in one year or less

 

$

59,517

 

 

$

59,408

 

Due between one and five years

 

 

6,019

 

 

 

6,008

 

 

 

$

65,536

 

 

$

65,416