XML 49 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 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 December 31, 2018 and 2017 and by level within the fair value hierarchy:

Fair value measurement as of December 31, 2018:

 

 

 

 

 

 

 

Quoted prices in

 

 

Significant other

 

 

Significant

 

Financial assets

 

 

 

 

 

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 funds and checking accounts

 

$

15,081

 

 

$

15,081

 

 

$

—

 

 

$

—

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

19,539

 

 

 

—

 

 

 

19,539

 

 

 

—

 

U.S. government agency obligations

 

 

17,859

 

 

 

—

 

 

 

17,859

 

 

 

—

 

Corporate bonds

 

 

75,910

 

 

 

—

 

 

 

75,910

 

 

 

—

 

Commercial paper

 

 

50,390

 

 

 

—

 

 

 

50,390

 

 

 

—

 

Municipal bonds

 

 

4,000

 

 

 

—

 

 

 

4,000

 

 

 

—

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial money market account

 

 

769

 

 

 

769

 

 

 

—

 

 

 

—

 

Total financial assets

 

$

183,548

 

 

$

15,850

 

 

$

167,698

 

 

$

—

 

 

Fair value measurement as of December 31, 2017:

 

 

 

 

 

 

 

Quoted prices in

 

 

Significant other

 

 

Significant

 

Financial assets

 

 

 

 

 

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

 

 

$

—