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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Carried at Fair Value

A summary of the assets and liabilities carried at fair value in accordance with the hierarchy defined above is as follows (in thousands):

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

September 30, 2018 (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

9,850

 

 

$

 

 

$

 

 

$

9,850

 

Corporate notes

 

 

 

 

 

31,694

 

 

 

 

 

 

31,694

 

Commercial paper

 

 

 

 

 

83,744

 

 

 

 

 

 

83,744

 

Asset backed securities

 

 

 

 

 

12,198

 

 

 

 

 

 

12,198

 

Government notes

 

 

 

 

 

12,430

 

 

 

 

 

 

12,430

 

Total assets

 

$

9,850

 

 

$

140,066

 

 

 

 

 

$

149,916

 

 

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

8,685

 

 

$

 

 

$

 

 

$

8,685

 

Corporate notes

 

 

5,103

 

 

 

40,995

 

 

 

 

 

 

46,098

 

Government notes

 

 

6,175

 

 

 

 

 

 

 

 

 

6,175

 

Total assets

 

$

19,963

 

 

$

40,995

 

 

$

 

 

$

60,958