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Cash Equivalents and Marketable Securities (Tables)
9 Months Ended
Sep. 30, 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):

 

 

 

September 30, 2018

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

6,550

 

 

$

 

 

$

 

 

$

6,550

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Total cash equivalents

 

 

12,800

 

 

 

 

 

 

 

 

 

12,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

32,236

 

 

 

2

 

 

 

(8

)

 

 

32,230

 

U.S. government securities

 

 

18,000

 

 

 

 

 

 

(27

)

 

 

17,973

 

Total marketable securities

 

$

50,236

 

 

$

2

 

 

$

(35

)

 

$

50,203

 

 

 

 

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):

 

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Due in one year or less

 

$

50,203

 

 

$

34,498

 

Due in 1 - 2 years

 

 

 

 

 

2,984

 

Total marketable securities

 

$

50,203

 

 

$

37,482