Marketable Securities

6 Months Ended

Jun. 30, 2017

Investments Debt And Equity Securities [Abstract]

Marketable Securities

5. Marketable Securities

The following table summarizes the available-for-sale securities held at June 30, 2017 and December 31, 2016 (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
June 30, 2017
Description:
U.S. government agency securities and treasuries	$	35,000	$	—	$	(15	)	$	34,985
Total	$	35,000	$	—	$	(15	)	$	34,985
December 31, 2016
Description:
U.S. government agency securities and treasuries	$	79,411	$	—	$	(9	)	$	79,402
Total	$	79,411	$	—	$	(9	)	$	79,402

The estimated market value of marketable securities by maturity date is as follows (in thousands):

	June 30, 2017		December 31, 2016
Due in one year or less	$	34,985	$	79,402
Due after one year through two years		—		—
Total	$	34,985	$	79,402

The amortized cost of available-for-sale securities is adjusted for amortization of premiums and accretion of discounts to maturity. There were no realized gains or losses recognized on the sale or maturity of available-for-sale securities during the six months ended June 30, 2017 and 2016, respectively, and as a result, the Company did not reclassify any amounts out of accumulated other comprehensive loss for the same period.