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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Cash Equivalents and Marketable Securities

The following tables present the fair value of cash equivalents and marketable securities in accordance with the hierarchy discussed in Note 2 (in thousands):

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

prices

 

 

other

 

 

Significant

 

 

 

 

 

 

 

in active

 

 

observable

 

 

unobservable

 

 

 

 

 

 

 

markets

 

 

inputs

 

 

inputs

 

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Total

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds (cash equivalents)

 

$

 

 

$

24,840

 

 

$

 

 

$

24,840

 

Corporate bonds (marketable securities)

 

 

 

 

 

133,208

 

 

 

 

 

 

133,208

 

Common equity securities (marketable securities)

 

 

918

 

 

 

 

 

 

 

 

 

918

 

 

 

$

918

 

 

$

158,048

 

 

$

 

 

$

158,966

 

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

prices

 

 

other

 

 

Significant

 

 

 

 

 

 

 

in active

 

 

observable

 

 

unobservable

 

 

 

 

 

 

 

markets

 

 

inputs

 

 

inputs

 

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Total

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds (cash equivalents)

 

$

 

 

$

54,104

 

 

$

 

 

$

54,104

 

Corporate bonds (marketable securities)

 

 

 

 

 

157,222

 

 

 

 

 

 

157,222

 

Commercial paper (marketable securities)

 

 

 

 

 

4,990

 

 

 

 

 

 

4,990

 

Common equity securities (marketable securities)

 

 

39

 

 

 

 

 

 

 

 

 

39

 

 

 

$

39

 

 

$

216,316

 

 

$

 

 

$

216,355