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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Recognized at Fair Value on Recurring Basis

As of March 31, 2018 and December 31, 2017, the Company’s financial assets recognized at fair value on a recurring basis consisted of the following:

 

 

Fair Value as of March 31, 2018

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Cash equivalents

 

$

313,960

 

 

$

313,960

 

 

$

 

 

$

 

Total

 

$

313,960

 

 

$

313,960

 

 

$

 

 

$

 

 

 

 

Fair Value as of December 31, 2017

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Cash equivalents

 

$

330,896

 

 

$

330,896

 

 

$

 

 

$

 

Total

 

$

330,896

 

 

$

330,896

 

 

$

 

 

$