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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of fair value of assets and liabilities measured on recurring basis
The following tables set forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):
 
 
March 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Money market funds
$
169,430

 
$

 
$

 
$
169,430

U.S. government agencies

 
74,922

 

 
74,922

Corporate debt securities

 
296,098

 

 
296,098

Derivative assets

 
833

 

 
833

Total
$
169,430

 
$
371,853

 
$

 
$
541,283

Liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$

 
$
430

 
$

 
$
430

Stock warrant liability

 

 
164

 
164

Total
$

 
$
430

 
$
164

 
$
594


 
December 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Money market funds
$
193,066

 
$

 
$

 
$
193,066

U.S. government agencies

 
79,624

 

 
79,624

Corporate debt securities

 
291,582

 

 
291,582

Total
$
193,066

 
$
371,206

 
$

 
$
564,272

Liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$

 
$
2,138

 
$

 
$
2,138

Stock warrant liability

 

 
208

 
208

Total
$

 
$
2,138

 
$
208

 
$
2,346