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Balance Sheet Components (Tables)
3 Months Ended
Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents

Cash and cash equivalents consisted of the following (in thousands):

 

 

 

March 31, 2016

 

 

December 31, 2015

 

Cash

 

$

96,198

 

 

$

75,685

 

Money market funds

 

 

44,761

 

 

 

77,639

 

Total cash and cash equivalents

 

$

140,959

 

 

$

153,324

 

 

Summary of Amortized Cost, Gross Unrealized Holding Gains or Losses, and Fair Value of Available-for-Sale Investments

All investments are classified as available-for-sale. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s available-for-sale investments by major investments type are summarized in the tables below (in thousands):

 

 

 

March 31, 2016

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

125,825

 

 

$

529

 

 

$

(75

)

 

$

126,279

 

Certificate of deposits

 

 

2,241

 

 

 

 

 

 

 

 

 

2,241

 

Bond and mutual funds

 

 

25,712

 

 

 

 

 

 

 

 

 

25,712

 

Equity investments

 

 

126

 

 

 

105

 

 

 

 

 

 

231

 

Total investments

 

$

153,904

 

 

$

634

 

 

$

(75

)

 

$

154,463

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

126,522

 

 

$

54

 

 

$

(473

)

 

$

126,103

 

Certificate of deposits

 

 

8,217

 

 

 

 

 

 

(2

)

 

 

8,215

 

Bond and mutual funds

 

 

25,052

 

 

 

 

 

 

 

 

 

25,052

 

Equity investments

 

 

126

 

 

 

71

 

 

 

 

 

 

197

 

Total investments

 

$

159,917

 

 

$

125

 

 

$

(475

)

 

$

159,567

 

 

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

March 31, 2016

 

 

December 31, 2015

 

Preclinical and clinical trial accruals

 

$

29,023

 

 

$

27,973

 

Payroll and related accruals

 

 

9,511

 

 

 

13,535

 

Professional services

 

 

1,338

 

 

 

1,662

 

Other

 

 

4,166

 

 

 

4,762

 

Total accrued liabilities

 

$

44,038

 

 

$

47,932