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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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 September 30, 2018 and December 31, 2017 (in thousands):

 
September 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
$
27,160

$

$

$
27,160

Commercial paper

2,644


2,644

Asset-backed securities

3,001


3,001

Total cash and cash equivalents
$
27,160

$
5,645

$

$
32,805

Investments:
 
 
 
 
Certificates of deposit

12,481


12,481

U.S. Treasury securities
34,268



34,268

U.S. Agency securities

7,951


7,951

Commercial paper

18,456


18,456

Asset-backed securities

11,967


11,967

Corporate notes and bonds

33,859


33,859

Total investments
34,268

84,714


118,982

Total assets measured at fair value
$
61,428

$
90,359

$

$
151,787


 
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