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Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents

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

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Cash

 

$

205,018

 

 

$

79,239

 

Money market funds

 

 

85,259

 

 

 

94,543

 

Total cash and cash equivalents

 

$

290,277

 

 

$

173,782

 

 

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):

 

 

 

June 30, 2017

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

86,266

 

 

$

67

 

 

$

(28

)

 

$

86,305

 

Certificate of deposits

 

 

1,036

 

 

 

 

 

 

 

 

 

1,036

 

Bond and mutual funds

 

 

20,053

 

 

 

744

 

 

 

 

 

 

20,797

 

Equity investments

 

 

126

 

 

 

61

 

 

 

 

 

 

187

 

Total investments

 

$

107,481

 

 

$

872

 

 

$

(28

)

 

$

108,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

126,550

 

 

$

182

 

 

$

(49

)

 

$

126,683

 

Certificate of deposits

 

 

1,037

 

 

 

 

 

 

 

 

 

1,037

 

Bond and mutual funds

 

 

22,305

 

 

 

157

 

 

 

 

 

 

22,462

 

Equity investments

 

 

125

 

 

 

100

 

 

 

 

 

 

225

 

Total investments

 

$

150,017

 

 

$

439

 

 

$

(49

)

 

$

150,407

 

 

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Preclinical and clinical trial accruals

 

$

28,795

 

 

$

29,550

 

Payroll and related accruals

 

 

10,673

 

 

 

14,232

 

Professional services

 

 

1,653

 

 

 

1,252

 

Other

 

 

7,413

 

 

 

5,880

 

Total accrued liabilities

 

$

48,534

 

 

$

50,914