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Balance Sheet Components (Tables)
3 Months Ended
Mar. 31, 2018
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, 2018

 

 

December 31, 2017

 

Cash

 

$

69,559

 

 

$

103,716

 

Money market funds

 

 

589,448

 

 

 

569,942

 

Total cash and cash equivalents

 

$

659,007

 

 

$

673,658

 

 

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

The Company’s investments consist of available-for-sale debt investments and marketable equity investments. 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, 2018

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

36,529

 

 

$

 

 

$

(92

)

 

$

36,437

 

Bond and mutual funds

 

 

17,293

 

 

 

1,338

 

 

 

 

 

 

18,631

 

Equity investments

 

 

125

 

 

 

74

 

 

 

 

 

 

199

 

Total investments

 

$

53,947

 

 

$

1,412

 

 

$

(92

)

 

$

55,267

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

53,985

 

 

$

4

 

 

$

(46

)

 

$

53,943

 

Bond and mutual funds

 

 

17,249

 

 

 

1,153

 

 

 

 

 

 

18,402

 

Equity investments

 

 

126

 

 

 

95

 

 

 

 

 

 

221

 

Total investments

 

$

71,360

 

 

$

1,252

 

 

$

(46

)

 

$

72,566

 

 

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

March 31, 2018

 

 

December 31, 2017

 

Preclinical and clinical trial accruals

 

$

37,717

 

 

$

32,321

 

Payroll and related accruals

 

 

11,919

 

 

 

18,810

 

Property taxes and other

 

 

3,150

 

 

 

4,201

 

Professional services

 

 

2,520

 

 

 

1,991

 

Other

 

 

7,553

 

 

 

6,458

 

Total accrued liabilities

 

$

62,859

 

 

$

63,781