Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables sets forth the fair value of the Company’s financial assets and liabilities at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

	March 31, 2018
	Level 1		Level 2		Level 3		Total
Financial Assets
Money market funds	$	1,370	$	—	$	—	$	1,370
Reverse repurchase agreements		—		6,250		—		6,250
U.S. government securities		—		32,715		—		32,715
Total financial assets	$	1,370	$	38,965	$	—	$	40,335

	December 31, 2017
	Level 1		Level 2		Level 3		Total
Financial Assets
Money market funds	$	1,674	$	—	$	—	$	1,674
Reverse repurchase agreements		—		7,250		—		7,250
U.S. treasury securities		1,501		—		—		1,501
U.S. government securities		—		35,981		—		35,981
Total financial assets	$	3,175	$	43,231	$	—	$	46,406