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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets Measured on a Recurring Basis
The amounts presented exclude cash, but include investments classified as cash equivalents (in thousands):
 
June 30, 2017
 
Level 1
 
Level 2
 
Total
Money market funds
$
48,253

 
$

 
$
48,253

Commercial paper

 
303,786

 
303,786

Corporate bonds

 
550

 
550

U.S. Treasury and government sponsored enterprises

 
15,636

 
15,636

Total financial assets
$
48,253

 
$
319,972

 
$
368,225

 
December 31, 2016
 
Level 1
 
Level 2
 
Total
Money market funds
$
71,457

 
$

 
$
71,457

Commercial paper

 
165,375

 
165,375

Corporate bonds

 
152,407

 
152,407

U.S. Treasury and government sponsored enterprises

 
70,727

 
70,727

Total financial assets
$
71,457

 
$
388,509

 
$
459,966