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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2018 and December 31, 2017.

Fair value measurement as of September 30, 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

 

$

96,729

 

 

$

96,729

 

 

$

 

 

$

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

51,455

 

 

 

 

 

 

51,455

 

 

 

 

U.S. Treasury securities

 

 

2,996

 

 

 

 

 

 

2,996

 

 

 

 

U.S. government agency obligations

 

 

2,592

 

 

 

 

 

 

2,592

 

 

 

 

Corporate bonds

 

 

10,929

 

 

 

 

 

 

10,929

 

 

 

 

Commercial paper

 

 

41,376

 

 

 

 

 

 

41,376

 

 

 

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial money market account

 

 

769

 

 

 

769

 

 

 

 

 

 

 

Total financial assets

 

$

206,846

 

 

$

97,498

 

 

$

109,348

 

 

$

 

 

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

 

 

$