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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement
The following tables represent the financial instruments measured at fair value on a recurring basis on the financial statements of the Company and the valuation approach applied to each class of financial instruments at June 30, 2018 and December 31, 2017 (in thousands):

 
June 30, 2018
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Assets:
 
 
 
 
Cash and cash equivalents:
 
 
 
 
Money market funds
$
37,824

$
—

$
—

$
37,824

Commercial paper
—

5,982

—

5,982

Corporate notes and bonds
—

9,087

—

9,087

Total cash and cash equivalents
$
37,824

$
15,069

$
—

$
52,893

Investments:
 
 
 
 
Certificates of deposit
—

13,682

—

13,682

U.S. Treasury securities
31,744

—

—

31,744

U.S. Agency securities
—

6,944

—

6,944

Commercial paper
—

35,917

—

35,917

Asset-backed securities
—

8,993

—

8,993

Corporate notes and bonds
—

33,314

—

33,314

Total investments
31,744

98,850

—

130,594

Total assets measured at fair value
$
69,568

$
113,919

$
—

$
183,487


 
December 31, 2017
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Assets:
 
 
 
 
Cash and cash equivalents:
 
 
 
 
Money market funds
$
7,832

$
—

$
—

$
7,832

Investments:
 
 
 
 
Certificates of deposit
—

13,441

—

13,441

U.S. Treasury securities
14,716

—

—

14,716

U.S. Agency securities
—

8,459

—

8,459

Commercial paper
—

9,171

—

9,171

Asset-backed securities
—

3,025

—

3,025

Corporate notes and bonds
—

31,836

—

31,836

Total investments
14,716

65,932

—

80,648

Total assets measured at fair value
$
22,548

$
65,932

$
—

$
88,480