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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 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
 
 
Total
Carrying
Value
 
Quoted
Prices
in Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
March 31, 2018 (unaudited)
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Money market funds
 
$
64,769

 
$
64,769

 
$

 
$

Corporate notes
 
103,580

 

 
103,580

 

Government notes
 
7,919

 
7,919

 

 

Total assets
 
$
176,268

 
$
72,688

 
$
103,580

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements Using
 
 
Total
Carrying
Value
 
Quoted
Prices
in Active
Markets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
December 31, 2017:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Money market funds
 
$
8,685

 
$
8,685

 
$

 
$

Corporate notes
 
46,098

 
5,103

 
40,995

 

Government notes
 
6,175

 
6,175

 

 

Total assets
 
$
60,958

 
$
19,963

 
$
40,995

 
$