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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017.

Fair value measurement as of March 31, 2018:

 

Financial assets

 

 

 

 

 

Quoted prices in

 

 

Significant other

 

 

Significant

 

 

 

 

 

 

 

active markets for

 

 

observable

 

 

unobservable

 

 

 

 

 

 

 

identical assets

 

 

inputs

 

 

inputs

 

Type of Instrument

 

Total

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund and checking accounts

 

$

11,877

 

 

$

11,877

 

 

$

 

 

$

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

29,176

 

 

 

 

 

 

29,176

 

 

 

 

U.S. government agency obligations

 

 

3,796

 

 

 

 

 

 

3,796

 

 

 

 

Corporate bonds

 

 

9,340

 

 

 

 

 

 

9,340

 

 

 

 

Commercial paper

 

 

20,332

 

 

 

 

 

 

20,332

 

 

 

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial money market account

 

 

769

 

 

 

769

 

 

 

 

 

 

 

Total financial assets

 

$

75,290

 

 

$

12,646

 

 

$

62,644

 

 

$

 

 

Fair value measurement as of December 31, 2017:

 

Financial assets

 

 

 

 

 

Quoted prices in

 

 

Significant other

 

 

Significant

 

 

 

 

 

 

 

active markets for

 

 

observable

 

 

unobservable

 

 

 

 

 

 

 

identical assets

 

 

inputs

 

 

inputs

 

Type of Instrument

 

Total

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund and checking accounts

 

$

9,388

 

 

$

9,388

 

 

$

 

 

$

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

 

39,951

 

 

 

 

 

 

39,951

 

 

 

 

U.S. government agency obligations

 

 

7,794

 

 

 

 

 

 

7,794

 

 

 

 

Corporate bonds

 

 

15,907

 

 

 

 

 

 

15,907

 

 

 

 

Commercial paper

 

 

19,529

 

 

 

 

 

 

19,529

 

 

 

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial money market account

 

 

769

 

 

 

769

 

 

 

 

 

 

 

Total financial assets

 

$

93,338

 

 

$

10,157

 

 

$

83,181

 

 

$