Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.10.0.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Fair Value Assets Measured on Recurring Basis for Cash, Cash Equivalents and Marketable Securities

The following table summarizes fair value measurements by level for the assets measured at fair value on a recurring basis for cash, cash equivalents and marketable securities:

 

 

 

As of September 30, 2018

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

gains/(losses)

 

 

Fair value

 

 

equivalents

 

 

securities

 

Cash

 

$

25,257

 

 

$

 

 

$

25,257

 

 

$

25,257

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

151,025

 

 

 

 

 

 

151,025

 

 

 

151,025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

16,106

 

 

 

(15

)

 

 

16,091

 

 

 

 

 

 

16,091

 

U.S. Treasury securities

 

 

31,486

 

 

 

(3

)

 

 

31,483

 

 

 

 

 

 

31,483

 

Total

 

$

223,874

 

 

$

(18

)

 

$

223,856

 

 

$

176,282

 

 

$

47,574

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

Adjusted

 

 

unrealized

 

 

 

 

 

 

and cash

 

 

Marketable

 

 

 

cost

 

 

losses

 

 

Fair value

 

 

equivalents

 

 

securities

 

Cash

 

$

46,237

 

 

$

 

 

$

46,237

 

 

$

46,237

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

 

93,430

 

 

 

 

 

 

93,430

 

 

 

93,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

11,010

 

 

 

(4

)

 

 

11,006

 

 

 

490

 

 

 

10,516

 

Corporate bonds

 

 

20,789

 

 

 

(21

)

 

 

20,768

 

 

 

2,796

 

 

 

17,972

 

Agency mortgage-backed securities

 

 

2,005

 

 

 

(1

)

 

 

2,004

 

 

 

 

 

 

2,004

 

U.S. Treasury securities

 

 

499

 

 

 

 

 

 

499

 

 

 

 

 

 

499

 

Total

 

$

173,970

 

 

$

(26

)

 

$

173,944

 

 

$

142,953

 

 

$

30,991

 

 

Summary of Estimated Fair Value of Company's Investments in Marketable Debt Securities, Accounted for as Available-for-Sale Securities

The following table summarizes the estimated fair value of the Company’s investments in marketable securities, accounted for as available-for-sale securities and classified by the contractual maturity date of the securities:

 

 

 

September 30, 2018

 

Due within one year

 

$

47,574

 

 

Summary of Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income were as follows:

 

 

 

Foreign

 

 

Unrealized

 

 

Unrealized

 

 

Accumulated

 

 

 

currency

 

 

gains (losses) on

 

 

gains (losses)

 

 

other

 

 

 

translation

 

 

available-for-

 

 

on cash

 

 

comprehensive

 

 

 

adjustments

 

 

sale investments

 

 

flow hedges

 

 

income

 

Balance as of December 31, 2017

 

$

363

 

 

$

(17

)

 

$

(74

)

 

$

272

 

Other comprehensive gain

 

 

137

 

 

 

3

 

 

 

291

 

 

 

431

 

Balance as of September 30, 2018

 

$

500

 

 

$

(14

)

 

$

217

 

 

$

703