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Investments (Tables)
12 Months Ended
Dec. 31, 2016
Investments  
Summary of fair value and unrealized gains (losses) position of available for sale securities

 

 

 

 

 

 

 

 

 

Gross

 

 

 

Gross

 

 

 

 

 

 

 

 

 

Amortized

 

 

 

Unrealized

 

 

 

Unrealized

 

 

 

Estimated

 

 

 

 

 

Cost

 

 

 

Gains

 

 

 

Losses

 

 

 

Fair Value

 

 

 

 

 

(in thousands)

 

December 31, 2016

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

40,013

 

$

 

$

(5

)

$

40,008

 

Government agency securities

 

10,020

 

 

(8

)

10,012

 

Corporate debt

 

13,780

 

 

(7

)

13,773

 

Commercial paper

 

2,994

 

 

 

2,994

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

66,807

 

$

 

$

(20

)

$

66,787

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

U.S. treasuries

 

$

94,935

 

$

6

 

$

(23

)

$

94,918

 

Government agency securities

 

12,985

 

3

 

 

12,988

 

Corporate debt

 

8,144

 

1

 

(1

)

8,144

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

116,064

 

$

10

 

$

(24

)

$

116,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of fair value and unrealized losses of available-for-sale securities in a loss position

 

 

 

 

 

December 31, 2016

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

Estimated

 

 

 

Unrealized

 

 

 

Estimated

 

 

 

Unrealized

 

 

 

 

 

Fair Value

 

 

 

Losses

 

 

 

Fair Value

 

 

 

Losses

 

 

 

(in thousands)

 

U.S. treasuries

 

$

20,002

 

$

(5

)

$

64,922

 

$

(23

)

Government agency securities

 

10,012

 

(8

)

 

 

Corporate debt

 

13,774

 

(7

)

3,353

 

(1

)

 

 

 

 

 

 

 

 

 

 

Total

 

$

43,788

 

$

(20

)

$

68,275

 

$

(24

)