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Investments (Tables)
6 Months Ended
Jun. 30, 2018
Available For Sale Securities [Abstract]  
Amortized Cost and Fair Value on Available-for-Sale Investments and Unrealized Gains and Losses

The amortized cost and fair value on the available-for-sale investments and unrealized gains and losses as of June 30, 2018 and December 31, 2017 were as follows (in thousands):

 

 

 

June 30, 2018

 

 

 

Amortized

 

 

Gross Unrealized

 

 

Gross Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Amounts maturing in one year or less

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate notes and obligations

 

$

27,069

 

 

$

 

 

$

(5

)

 

$

27,064

 

U.S. government treasury securities

 

 

47,339

 

 

 

2

 

 

 

(15

)

 

 

47,326

 

Total short-term available-for-sale debt securities

 

$

74,408

 

 

$

2

 

 

$

(20

)

 

$

74,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts maturing in greater than one year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate notes and obligations

 

$

5,509

 

 

$

 

 

$

(16

)

 

$

5,493

 

U.S. government treasury securities

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term available-for-sale debt securities

 

$

5,509

 

 

$

 

 

$

(16

)

 

$

5,493

 

 

 

 

December 31, 2017

 

 

 

Amortized

 

 

Gross Unrealized

 

 

Gross Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Amounts maturing in one year or less

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate notes and obligations

 

$

38,044

 

 

$

 

 

$

(24

)

 

$

38,020

 

U.S. government treasury securities

 

 

55,967

 

 

 

 

 

 

(86

)

 

 

55,881

 

Total short-term available-for-sale debt securities

 

$

94,011

 

 

$

 

 

$

(110

)

 

$

93,901

 

 

Gross Unrealized Losses and Fair Value for Investments in Unrealized Loss Position

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2018 aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands):

 

 

June 30, 2018

 

 

 

Less than 12 months

 

 

12 months or greater

 

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate notes and obligations

 

$

16,647

 

 

$

(21

)

 

$

 

 

$

 

U.S. government treasury securities

 

 

33,924

 

 

 

(14

)

 

 

 

 

 

 

Total available-for-sale debt securities

 

$

50,571

 

 

$

(35

)

 

$

 

 

$