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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 (in thousands):

		March 31, 2017
		Level 1				Level 2				Level 3				Total
Financial assets:
Money market funds(1)		$	14,619				—				—			$	14,619
Restricted cash (money market funds)(2)			12,860				—				—				12,860
Total financial assets		$	27,479			$	—			$	—			$	27,479

(1) Included in Cash and Cash Equivalents on accompanying condensed consolidated balance sheets.

(2) $12.7 million of restricted cash in the Indenture serves as full collateral for the redeemable convertible notes and $125,000 of restricted cash serves as collateral for the Company’s corporate credit card and deposit for its facility lease.

		December 31, 2016
		Level 1				Level 2				Level 3				Total
Financial assets:
Money market funds(1)		$	10,156			$	—			$	—			$	10,156
Restricted cash (money market funds)(2)			19,593				—				—				19,593
U.S. government agency securities(3)			6,800				—				—				6,800
Total financial assets		$	36,549			$	—			$	—			$	36,549

(1) Included in Cash and Cash Equivalents on accompanying condensed consolidated balance sheets.

(2) $19.4 million of restricted cash in the Indenture serves as full collateral for the redeemable convertible notes and $125,000 of restricted cash serves as collateral for the Company’s corporate credit card and deposit for its facility lease.

(3) Included in Short-Term Investments on accompanying condensed consolidated balance sheets.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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