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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities

The following table sets forth the fair value of our financial assets and liabilities, allocated into Level 1, Level 2 and Level 3, that was measured on a recurring basis (in thousands):

 

 

 

September 30, 2018

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

15,160

 

 

$

 

 

$

 

 

$

15,160

 

Corporate notes and commercial paper

 

 

 

 

 

78,241

 

 

 

 

 

 

78,241

 

U.S. treasury securities

 

 

 

 

 

13,936

 

 

 

 

 

 

13,936

 

U.S. government agency securities

 

 

 

 

 

33,301

 

 

 

 

 

 

33,301

 

Total financial assets

 

$

15,160

 

 

$

125,478

 

 

$

 

 

$

140,638

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

12,430

 

 

$

 

 

$

 

 

$

12,430

 

Corporate notes and commercial paper

 

 

 

 

 

85,492

 

 

 

 

 

 

85,492

 

U.S. treasury securities

 

 

 

 

 

34,437

 

 

 

 

 

 

34,437

 

U.S. government agency securities

 

 

 

 

 

53,691

 

 

 

 

 

 

53,691

 

Total financial assets

 

$

12,430

 

 

$

173,620

 

 

$

 

 

$

186,050