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Cash Equivalents and Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]  
Schedule of Estimated Fair Value of Cash Equivalents and Marketable Securities

The following tables summarize the estimated fair value of the Company’s cash equivalents and marketable securities and the gross unrealized gains and losses (in thousands):

 

 

 

March 31, 2018

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

1,370

 

 

$

 

 

$

 

 

$

1,370

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Total cash equivalents

 

 

7,620

 

 

 

 

 

 

 

 

 

7,620

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

 

32,813

 

 

 

 

 

 

(98

)

 

 

32,715

 

Total marketable securities

 

$

32,813

 

 

$

 

 

$

(98

)

 

$

32,715

 

 

 

 

December 31, 2017

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

1,674

 

 

$

 

 

$

 

 

$

1,674

 

Reverse repurchase agreements

 

 

7,250

 

 

 

 

 

 

 

 

 

7,250

 

Total cash equivalents

 

 

8,924

 

 

 

 

 

 

 

 

 

8,924

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

 

1,502

 

 

 

 

 

 

(1

)

 

 

1,501

 

U.S. government securities

 

 

36,082

 

 

 

 

 

 

(101

)

 

 

35,981

 

Total marketable securities

 

$

37,584

 

 

$

 

 

$

(102

)

 

$

37,482

 

 

Summary of Contractual Maturities of Marketable Securities at Estimated Fair Value

The following tables summarizes the contractual maturities of the Company’s marketable securities at estimated fair value (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Due in one year or less

 

$

32,715

 

 

$

34,498

 

Due in 1 - 2 years

 

 

 

 

 

2,984

 

Total marketable securities

 

$

32,715

 

 

$

37,482