Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.10.0.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured and Recognized at Fair Value on Recurring Basis

As of June 30, 2018 and December 31, 2017, financial assets and liabilities measured and recognized at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy as described above were as follows (in thousands):

 

 

June 30, 2018

 

 

 

Amortized Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

5,497

 

 

 

 

 

 

 

 

 

5,497

 

Money market funds

 

 

89,793

 

 

 

 

 

 

 

 

 

89,793

 

U.S. Treasury securities

 

 

16,414

 

 

 

 

 

 

(2

)

 

 

16,412

 

Subtotal

 

 

111,704

 

 

 

 

 

 

(2

)

 

 

111,702

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

6,682

 

 

 

1

 

 

 

 

 

 

6,683

 

Subtotal

 

 

6,682

 

 

 

1

 

 

 

 

 

 

6,683

 

Total

 

$

118,386

 

 

$

1

 

 

$

(2

)

 

$

118,385

 

Reported as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

101,973

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 

$

16,412

 

 

 

 

December 31, 2017

 

 

 

Amortized Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

804

 

 

 

 

 

 

 

 

 

804

 

Money market funds

 

 

50,229

 

 

 

 

 

 

 

 

 

50,229

 

Restricted cash

 

 

13

 

 

 

 

 

 

 

 

 

13

 

Subtotal

 

 

51,046

 

 

 

 

 

 

 

 

 

51,046

 

Total

 

$

51,046

 

 

$

 

 

$

 

 

$

51,046

 

Reported as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

51,033

 

Restricted cash

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13

 

 

Summary of Amortized Cost and Estimated Fair Value of Available-for-sale Securities by Contractual Maturity

As of June 30, 2018, the amortized cost and estimated fair value of the Company’s available-for-sale securities by contractual maturity are shown below (in thousands):

 

 

Amortized

 

 

Estimated

 

 

 

Cost

 

 

Fair Value

 

Marketable securities maturing:

 

 

 

 

 

 

 

 

In one year or less

 

$

16,414

 

 

$

16,412

 

Total marketable securities

 

$

16,414

 

 

$

16,412