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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Measurements, Nonrecurring Value Measurement [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s liabilities that were measured at fair value as of December 31, 2018 and 2017 by level within the fair value hierarchy (in thousands):
 
 
As of December 31, 2018
 
As of December 31, 2017
 
Level I
 
Level
II
 
Level
III
 
Fair
Value
 
Level I
 
Level
II
 
Level
III
 
Fair
Value
Financial assets:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash equivalents:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Money market funds
2,594

 

 

 
2,594

 
6,870

 

 

 
6,870

Marketable securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Treasury securities
39,770

 

 

 
39,770

 
39,731

 

 

 
39,731

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward foreign exchange contracts

 

 

 

 

 
163

 

 
163

Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward foreign exchange contracts

 
(3,647
)
 

 
(3,647
)
 

 

 

 

Total financial assets (liabilities)
$
42,364

 
$
(3,647
)
 
$

 
$
38,717

 
$
46,601

 
$
163

 
$

 
$
46,764