Fair Value (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The following is a list of the Company’s assets required to be measured at fair value on a recurring basis and where they were classified within the hierarchy as of December 31, 2016 (in thousands):

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level  1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds (1)	$	14,146	$	14,146	$	—	$	—
Corporate bonds and notes (2)	36,502		—		36,502		—
Treasury and agency notes and bills (2)	5,972		—		5,972		—
Commercial paper (2)	5,216		—		5,216		—
Total Assets	$	61,836	$	14,146	$	47,690	$	—

The following footnotes indicate where the noted items were recorded in the Condensed Consolidated Balance Sheet at December 31, 2016:

(1) Reported as cash and cash equivalents.

(2) Reported as short-term investments.

The following is a list of the Company’s assets required to be measured at fair value on a recurring basis and where they were classified within the hierarchy as of March 31, 2017 (in thousands):

	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds (1)	$	2,121	$	2,121	$	—	$	—
Corporate bonds and notes (2)	43,445		—		43,445		—
Treasury and agency notes and bills (2)	5,962		—		5,962		—
Commercial paper (2)	3,731		—		3,731		—
Total Assets	$	55,259	$	2,121	$	53,138	$	—

The following footnotes indicate where the noted items were recorded in the Condensed Consolidated Balance Sheet at March 31, 2017:

(1) Reported as cash and cash equivalents.

(2) Reported as short-term investments.