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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018.

Fair value measurement as of March 31, 2019:

 

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 funds and checking accounts

 

$

14,188

 

 

$

14,188

 

 

$

 

 

$

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

15,937

 

 

 

 

 

 

15,937

 

 

 

 

U.S. government agency obligations

 

 

12,447

 

 

 

 

 

 

12,447

 

 

 

 

Corporate bonds

 

 

69,960

 

 

 

 

 

 

69,960

 

 

 

 

Commercial paper

 

 

38,108

 

 

 

 

 

 

38,108

 

 

 

 

Municipal bonds

 

 

5,500

 

 

 

 

 

 

5,500

 

 

 

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial money market account

 

 

769

 

 

 

769

 

 

 

 

 

 

 

Total financial assets

 

$

156,909

 

 

$

14,957

 

 

$

141,952

 

 

$

 

 

Fair value measurement as of December 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 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

 

 

$