Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

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 December 31, 2017 and 2016, and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

	December 31, 2017
	Level 1		Level 2		Total

Money market funds	$	24,225	$	—	$	24,225
Corporate notes and obligations		—		38,020		38,020
U.S. government treasury securities		55,881		—		55,881
	$	80,106	$	38,020	$	118,126

	December 31, 2016
	Level 1		Level 2		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

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details