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Balance Sheet Components (Tables)
12 Months Ended
Dec. 31, 2017
Investments Debt And Equity Securities [Abstract]  
Summary of Fair Values of Cash Equivalents, Short-Term Investments and Long-Term Investments Classified as Available-for-Sale Securities

The fair values of cash equivalents, short-term investments, and long-term investments classified as available-for-sale securities, consisted of the following (in thousands): 

 

 

December 31, 2017

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

Amortized

Cost

 

 

Gains

 

 

Losses

 

 

Estimated Fair

Value

 

Money market funds

$

79,670

 

 

$

 

 

$

 

 

$

79,670

 

Corporate bonds

 

39,330

 

 

 

 

 

 

(90

)

 

 

39,240

 

U.S. Government Treasury and agency securities

 

105,029

 

 

 

 

 

 

(290

)

 

 

104,739

 

Total

$

224,029

 

 

$

 

 

$

(380

)

 

$

223,649

 

 

 

December 31, 2016

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

Amortized Cost

 

 

Gains

 

 

Losses

 

 

Estimated Fair

Value

 

Money market funds

$

123,536

 

 

$

 

 

$

 

 

$

123,536

 

Corporate bonds

 

207,909

 

 

 

14

 

 

 

(197

)

 

 

207,726

 

Commercial paper

 

11,970

 

 

 

 

 

 

 

 

 

11,970

 

Asset-backed securities

 

27,712

 

 

 

3

 

 

 

(2

)

 

 

27,713

 

U.S. Government Treasury and agency securities

 

112,166

 

 

 

10

 

 

 

(245

)

 

 

111,931

 

Total

$

483,293

 

 

$

27

 

 

$

(444

)

 

$

482,876

 

 

Summary of Inventory

Inventory consists of the following (in thousands):

 

 

 

December 31,

 

 

 

 

2017

 

 

2016

 

 

Work-in-process

 

$

737

 

 

$

 

 

Finished goods

 

 

20

 

 

 

 

 

Total inventory

 

$

757

 

 

$

 

 

 

Summary of Property and Equipment

Property and equipment, net consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

Research and development equipment

 

$

7,696

 

 

$

2,154

 

Furniture and office equipment

 

 

2,873

 

 

 

2,595

 

Computer equipment

 

 

2,563

 

 

 

2,013

 

Software

 

 

4,182

 

 

 

3,931

 

Leasehold improvements

 

 

15,085

 

 

 

12,486

 

Construction-in-progress

 

 

429

 

 

 

37

 

Property and equipment, gross

 

 

32,828

 

 

 

23,216

 

Less accumulated depreciation

 

 

(10,991

)

 

 

(6,161

)

Property and equipment, net

 

$

21,837

 

 

$

17,055

 

 

Accrued Liabilities

Accrued liabilities consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

Research and clinical study expenses

 

$

17,141

 

 

$

18,593

 

Payroll and related expenses

 

 

26,527

 

 

 

17,226

 

Repayment liability under collaboration agreement

 

 

3,681

 

 

 

13,650

 

Contract liability

 

 

5,986

 

 

 

 

Other

 

 

8,092

 

 

 

5,085

 

Total accrued liabilities

 

$

61,427

 

 

$

54,554