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Fair Value of Financial Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s assets that are measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018 and indicate the level of the fair value hierarchy utilized to determine such fair value:

 

 

 

Fair Value Measurements as of March 31, 2019 Using:

 

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

66,083

 

 

$

 

 

$

66,083

 

Marketable securities

 

 

 

 

 

129,913

 

 

 

 

 

 

129,913

 

 

 

$

 

 

$

195,996

 

 

$

 

 

$

195,996

 

 

 

 

Fair Value Measurements as of December 31, 2018 Using:

 

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

57,739

 

 

$

 

 

$

57,739

 

Marketable securities

 

 

 

 

 

171,555

 

 

 

 

 

 

171,555

 

 

 

$

 

 

$

229,294

 

 

$

 

 

$

229,294