XML 36 R26.htm IDEA: XBRL DOCUMENT v3.19.1
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

 

 

$

—