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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value

The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value as of June 30, 2017 and December 31, 2016, and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

 

 

 

June 30, 2017

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

Money market funds

 

$

11,259

 

 

$

 

 

$

 

 

$

11,259

 

Corporate notes and obligations

 

 

 

 

 

37,704

 

 

 

 

 

 

37,704

 

U.S. agency securities

 

 

 

 

 

4,492

 

 

 

 

 

 

4,492

 

U.S. government treasury securities

 

 

49,069

 

 

 

 

 

 

 

 

 

49,069

 

 

 

$

60,328

 

 

$

42,196

 

 

$

 

 

$

102,524

 

 

 

 

December 31, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

 

Money market funds

 

$

18,029

 

 

$

 

 

$

 

 

$

18,029

 

Corporate notes and obligations

 

 

 

 

 

33,840

 

 

 

 

 

 

33,840

 

U.S. government treasury securities

 

 

41,347

 

 

 

 

 

 

 

 

 

41,347

 

 

 

$

59,376

 

 

$

33,840

 

 

$

 

 

$

93,216