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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Assets measured at fair value on a recurring basis
The following table presents the financial instruments measured at fair value on a recurring basis and the valuation approach applied to each class of financial instruments as of June 30, 2018 and December 31, 2017 (in thousands):
 
June 30, 2018
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Cash equivalents
 
 
 
 
 
 
 
Money market funds
$
10,134

 
$

 
$

 
$
10,134

Corporate notes and bonds

 
999

 

 
999

Marketable securities
 
 
 
 
 
 
 
Corporate notes and bonds

 
13,801

   

 
13,801

U.S. government and agency securities

 
3,483

 

 
3,483

Commercial paper

 
9,074

 

 
9,074

Total
$
10,134

 
$
27,357

 
$

 
$
37,491

 
 
 
 
 
 
 
 
 
December 31, 2017
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Cash equivalents
 
 
 
 
 
 


Money market funds
$
6,362

  
$

  
$

 
$
6,362

Corporate notes and bonds

  
1,498

  

 
1,498

Marketable securities
 
 
 
 
 
 
 
Corporate notes and bonds

  
26,278

  

 
26,278

U.S. government and agency securities

 
11,976

  

 
11,976

Commercial paper

 
6,982

 

 
6,982

Total
$
6,362

 
$
46,734

 
$

 
$
53,096