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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value
The following table represents the Company’s financial instruments measured at fair value as of March 31, 2018 and December 31, 2017 (in thousands):
 
March 31, 2018
 
December 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash Equivalents:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds
$
218,054

 
$

 
$

 
$
218,054

 
$
217,838

 
$

 
$

 
$
217,838

Commercial paper

 
9,985

 

 
9,985

 

 
46,927

 

 
46,927

Marketable Securities:

 

 

 

 


 


 


 


Commercial paper

 
227,619

 

 
227,619

 

 
138,412

 

 
138,412

Corporate bonds

 
89,672

 

 
89,672

 

 
69,926

 

 
69,926

Agency bonds

 
80,861

 

 
80,861

 

 
78,913

 

 
78,913

U.S. government bonds

 
38,609

 

 
38,609

 

 

 

 

Agency discount notes

 

 

 

 

 
10,989

 

 
10,989

Total cash equivalents and marketable securities
$
218,054

 
$
446,746

 
$

 
$
664,800

 
$
217,838

 
$
345,167

 
$

 
$
563,005