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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and December 31, 2015 (in thousands):
 
Fair value as of December 31, 2016
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
13,578

 
$
13,578

 
$

 
$

Corporate debt securities
49,120

 

 
49,120

 

Certificates of deposit
9,291

 

 
9,291

 

Commercial paper
1,247

 

 
1,247

 

U.S. treasury securities
1,000

 

 
1,000

 

Debt securities of U.S. government-sponsored agencies
512

 

 
512

 

 
$
74,748


$
13,578

 
$
61,170

 
$

 
 
Fair value as of December 31, 2015
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
15,152

 
$
15,152

 
$

 
$

Corporate debt securities
80,967

 

 
80,967

 

Certificates of deposit
13,640

 

 
13,640

 

Commercial paper
3,496

 

 
3,496

 

 
$
113,255

 
$
15,152

 
$
98,103

 
$