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MARKETABLE SECURITIES (Tables)
12 Months Ended
Dec. 31, 2017
Marketable Securities [Abstract]  
Schedule of the Fair Value to Amortized Cost Basis of Securities Held-to-Maturity
The amortized cost, gross unrealized gains and losses, and fair value of securities held-to-maturity as of December 31, 2017 and 2016 were as follows (in thousands):
 
 
As of December 31, 2017
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Unrealized
 
Unrealized
 
 
Short-term marketable securities:

 
Amortized Cost
 
Gains
 
Losses
 
Fair Value
Commercial paper
 
$
138,412

 
$
1

 
$
(1
)
 
$
138,412

Agency bonds
 
78,958

 

 
(45
)
 
78,913

Corporate bonds
 
45,006

 

 
(41
)
 
44,965

Agency discount bonds
 
10,990

 

 
(1
)
 
10,989

Total short-term marketable securities
 
$
273,366

 
$
1

 
$
(88
)
 
$
273,279

Long-term marketable securities:
 
 
 
 
 
 
 
 
Corporate bonds
 
$
25,032

 
$

 
$
(71
)
 
$
24,961

Total long-term marketable securities
 
$
25,032

 
$

 
$
(71
)
 
$
24,961

Total marketable securities
 
$
298,398

 
$
1

 
$
(159
)
 
$
298,240

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Unrealized
 
Unrealized
 
 
Short-term marketable securities:

 
Amortized Cost
 
Gains
 
Losses
 
Fair Value
Agency bonds
 
$
152,429

 
$
18

 
$
(53
)
 
$
152,394

Commercial paper
 
45,894

 

 

 
45,894

Corporate bonds
 
9,009

 

 
(3
)
 
9,006

Total marketable securities
 
$
207,332

 
$
18

 
$
(56
)
 
$
207,294

Schedule of Securities in an Unrealized Loss Position
The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of December 31, 2017 and 2016, aggregated by investment category and the length of time that the individual securities have been in a continuous loss position (in thousands):
 
As of December 31, 2017
 
Less Than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Agency bonds
$
78,913

 
$
(45
)
 
$

 
$

 
$
78,913

 
$
(45
)
Corporate bonds
62,927

 
(112
)
 

 

 
62,927

 
(112
)
Agency discount notes
10,989

 
(1
)
 

 

 
10,989

 
(1
)
Commercial paper
3,975

 
(1
)
 

 

 
3,975

 
(1
)
Total
$
156,804

 
$
(159
)
 
$

 
$

 
$
156,804

 
$
(159
)
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
Less Than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Agency bonds
$
92,018

 
$
(53
)
 
$

 
$

 
$
92,018

 
$
(53
)
Corporate bonds
8,006

 
(3
)
 

 

 
8,006

 
(3
)
Total
$
100,024

 
$
(56
)
 
$

 
$

 
$
100,024

 
$
(56
)