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Balance Sheet Components
12 Months Ended
Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Balance Sheet Components

5. Balance Sheet Components

Investments

The fair value of the Company’s cash equivalents and short-term investments approximates their respective carrying amounts due to their short-term maturity. The following is a summary of the gross unrealized gains and unrealized losses on the Company’s investment securities (in thousands):

 

 

 

December 31, 2018

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Holding

Gains

 

 

Gross

Unrealized

Holding

Losses

 

 

Aggregate

Fair Value

 

Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

119,692

 

 

$

—

 

 

$

(90

)

 

$

119,602

 

Corporate notes

 

 

111,652

 

 

 

—

 

 

 

(120

)

 

 

111,532

 

Total securities

 

$

231,344

 

 

$

—

 

 

$

(210

)

 

$

231,134

 

 

 

 

December 31, 2017

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Holding

Gains

 

 

Gross

Unrealized

Holding

Losses

 

 

Aggregate

Fair Value

 

Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

61,167

 

 

$

—

 

 

$

(81

)

 

$

61,086

 

Corporate notes

 

 

165,712

 

 

 

1

 

 

 

(332

)

 

 

165,381

 

Total securities

 

$

226,879

 

 

$

1

 

 

$

(413

)

 

$

226,467

 

Realized gains or losses from the sale of investments and other-than-temporary impairments, if any, on available-for-sale securities are reported in other income (expense), net as incurred. The cost of securities sold was determined based on the specific identification method. The amount of realized gains and realized losses on investments for the periods presented have not been material.

The amortized costs and estimated fair values of the Company’s available-for-sale securities by contractual maturities as of December 31, 2018 were as follows (in thousands):

 

 

 

Amortized Cost

 

 

Fair Value

 

Amounts maturing within one year

 

$

231,344

 

 

$

231,134

 

Amounts after one year through five years

 

 

—

 

 

 

—

 

Total investment securities

 

$

231,344

 

 

$

231,134

 

 

Inventories (in thousands)

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Raw materials

 

$

37,453

 

 

$

51,602

 

Finished goods

 

 

54,582

 

 

 

46,517

 

Total inventories

 

$

92,035

 

 

$

98,119

 

 

Property and Equipment, Net (in thousands)

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Laboratory equipment

 

$

2,874

 

 

$

2,416

 

Computer equipment and software

 

 

8,751

 

 

 

5,076

 

Furniture and fixtures

 

 

3,903

 

 

 

2,241

 

Leasehold improvements

 

 

4,218

 

 

 

1,221

 

Construction in process

 

 

1,811

 

 

 

2,734

 

Total

 

 

21,557

 

 

 

13,688

 

Less: Accumulated depreciation and amortization

 

 

(8,756

)

 

 

(4,869

)

Property and equipment, net

 

$

12,801

 

 

$

8,819

 

 

Depreciation and amortization expense for the years ended December 31, 2018, 2017 and 2016 was $3.9 million, $2.5 million and $1.7 million, respectively.

Accrued Liabilities (in thousands)

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Accrued payroll and related expenses

 

$

26,792

 

 

$

26,108

 

Accrued professional fees

 

 

1,595

 

 

 

4,734

 

Accrued taxes

 

 

2,506

 

 

 

2,827

 

Accrued clinical and research expenses

 

 

1,105

 

 

 

1,279

 

Accrued interest

 

 

243

 

 

 

243

 

Accrued warranty

 

 

1,236

 

 

 

708

 

Accrued other

 

 

5,313

 

 

 

3,491

 

Total accrued liabilities

 

$

38,790

 

 

$

39,390