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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Fair Value Hierarchy for Financial Assets

The Company’s fair value hierarchy for its cash equivalents and marketable securities as of December 31, 2016 and 2015, respectively, was as follows:

 

December 31, 2016

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

1,218

 

 

$

 

 

$

 

 

$

1,218

 

Federal agency notes

 

 

 

 

 

16,810

 

 

 

 

 

 

16,810

 

Commercial paper

 

 

 

 

 

16,757

 

 

 

 

 

 

16,757

 

Corporate notes

 

 

 

 

 

15,753

 

 

 

 

 

 

15,753

 

Pre-refunded municipal bonds (1)

 

 

 

 

 

6,716

 

 

 

 

 

 

6,716

 

U.S. treasuries

 

 

 

 

 

2,515

 

 

 

 

 

 

2,515

 

Total

 

$

1,218

 

 

$

58,551

 

 

$

 

 

$

59,769

 

 

December 31, 2015

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

2,001

 

 

$

 

 

$

 

 

$

2,001

 

Federal agency notes

 

 

 

 

 

11,722

 

 

 

 

 

 

11,722

 

U.S. treasuries

 

 

 

 

 

7,059

 

 

 

 

 

 

7,059

 

Corporate notes

 

 

 

 

 

6,884

 

 

 

 

 

 

6,884

 

Pre-refunded municipal bonds (1)

 

 

 

 

 

4,747

 

 

 

 

 

 

4,747

 

Commercial paper

 

 

 

 

 

3,794

 

 

 

 

 

 

3,794

 

Certificates of deposits

 

 

 

 

 

2,220

 

 

 

 

 

 

2,220

 

Total

 

$

2,001

 

 

$

36,426

 

 

$

 

 

$

38,427

 

 

(1)

Pre-refunded municipal bonds are collateralized by U.S. treasuries.

Summary of Fair Value Maturities for Financial Asset

The fair value maturities of the Company’s cash equivalents and marketable securities as of December 31, 2016 are as follows:

 

 

 

Maturities by Period

 

 

 

Total

 

 

Less than

1 year

 

 

1-5

years

 

 

5 - 10

years

 

 

More than

10 years

 

Cash equivalents and marketable securities

 

$

59,769

 

 

$

55,377

 

 

$

4,392

 

 

$

 

 

$