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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016, respectively, was as follows:

 

December 31, 2017

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

2,197

 

 

$

 

 

$

 

 

$

2,197

 

Commercial paper

 

 

 

 

 

49,834

 

 

 

 

 

 

49,834

 

Federal agency notes

 

 

 

 

 

10,715

 

 

 

 

 

 

10,715

 

U.S. treasuries

 

 

 

 

 

1,996

 

 

 

 

 

 

1,996

 

Corporate notes

 

 

 

 

 

1,934

 

 

 

 

 

 

1,934

 

Total

 

$

2,197

 

 

$

64,479

 

 

$

 

 

$

66,676

 

 

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

 

 

(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, 2017 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

 

$

66,676

 

 

$

66,676

 

 

$

 

 

$

 

 

$