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Cash Equivalents and Investments (Tables)
3 Months Ended
Mar. 31, 2019
Cash Equivalents And Investments [Abstract]  
Schedule of Fair Value of Securities, not Including Cash

The fair value of securities, not including cash at March 31, 2019 and December 31, 2018, were as follows (in thousands):

 

 

 

March 31, 2019

 

 

 

Amortized

 

 

Gross Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Money market funds

 

$

23,613

 

 

$              —

 

 

$               —

 

 

$

23,613

 

U.S. government securities

 

 

3,476

 

 

 

1

 

 

 

 

 

3,477

 

Corporate notes

 

 

11,284

 

 

 

2

 

 

 

 

 

11,286

 

Commercial paper

 

 

15,744

 

 

 

 

 

 

 

15,744

 

Total available-for-sale marketable debt securities

 

$

54,117

 

 

$

3

 

 

$

 

 

$

54,120

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,613

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30,507

 

Total cash equivalents and investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

54,120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

Amortized

 

 

Gross Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

Money market funds

 

$

10,606

 

 

$

 

 

$

 

 

$

10,606

 

U.S. government securities

 

 

9,976

 

 

 

 

 

 

(1

)

 

 

9,975

 

Corporate notes

 

 

16,514

 

 

 

3

 

 

 

(18

)

 

 

16,499

 

Commercial paper

 

 

36,331

 

 

 

 

 

 

 

 

 

36,331

 

Total available-for-sale marketable debt securities

 

$

73,427

 

 

$

3

 

 

$

(19

)

 

$

73,411

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

15,091

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

58,320

 

Total cash equivalents and investments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

73,411

 

Schedule of Fair Value of Short-term and Long-term Marketable Securities Classified by Maturity The following table summarizes the fair value of the Company’s cash equivalents, short-term and long-term marketable securities classified by maturity (in thousands):

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Due within one year

 

$

54,120

 

 

$

73,411

 

Due after one year through three years

 

 

 

 

 

 

Total available-for-sale marketable debt securities

 

$

54,120

 

 

$

73,411

 

Schedule of Available-for-Sale Securities Unrealized Loss Position

The following tables present the Company's available-for-sale securities that were in an unrealized loss position as of March 31, 2019 and December 31, 2018 (in thousands):

 

 

As of March 31, 2019

 

 

 

Less than 12 months

 

 

12 Months or Greater

 

 

Total

 

Assets

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

Corporate notes

 

$

2,498

 

 

$

 

 

$

 

 

$

 

 

$

2,498

 

 

$

 

Total

 

$

2,498

 

 

$

 

 

$

 

 

$

 

 

$

2,498

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

Less than 12 months

 

 

12 Months or Greater

 

 

Total

 

Assets

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

 

Fair Value

 

 

Unrealized Loss

 

U.S. government securities

 

$

5,977

 

 

$

(1

)

 

$

 

 

$

 

 

$

5,977

 

 

$

(1

)

Corporate notes

 

 

11,521

 

 

 

(10

)

 

 

2,993

 

 

 

(8

)

 

 

14,514

 

 

 

(18

)

Total

 

$

17,498

 

 

$

(11

)

 

$

2,993

 

 

$

(8

)

 

$

20,491

 

 

$

(19

)