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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Financial Assets Measured at Fair Value on Recurring Basis
The following tables present our financial assets that are measured at fair value on a recurring basis (in thousands): 
 
March 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
 
Commercial paper
$
—

 
$
2,000

 
$
—

 
$
2,000

Money market mutual funds
1,321

 
—

 
—

 
1,321

Total cash equivalents
1,321

 
2,000

 
—

 
3,321

Marketable securities
 
 
 
 
 
 
 
Commercial paper
—

 
7,485

 
—

 
7,485

Corporate notes and bonds
—

 
46,028

 
—

 
46,028

Government obligations
—

 
16,016

 
—

 
16,016

U.S. agency obligations
—

 
31,432

 
—

 
31,432

Total marketable securities
—

 
100,961

 
—

 
100,961

Total
$
1,321

 
$
102,961

 
$
—

 
$
104,282

 
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
 
Money market mutual funds
$
246

 
$
—

 
$
—

 
$
246

Marketable securities
 
 
 
 
 
 
 
Commercial paper
—

 
7,485

 
—

 
7,485

Corporate notes and bonds
—

 
48,859

 
—

 
48,859

Government obligations
—

 
13,991

 
—

 
13,991

U.S. agency obligations
—

 
32,504

 
—

 
32,504

Total marketable securities
—

 
102,839

 
—

 
102,839

Total
$
246

 
$
102,839

 
$
—

 
$
103,085