Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):


			Active		Observable		Unobservable
			Markets		Inputs		Inputs
Description	June 30, 2017		(Level 1)		(Level 2)		(Level 3)
Cash equivalents:
Money market funds	$	32,530	$	32,530	$	—	$	—
Overnight repurchase agreements		47,001		—		47,001		—
Marketable securities:
U.S treasury obligations		11,990		11,990		—		—
	$	91,521	$	44,520	$	47,001	$	—


			Active		Observable		Unobservable
			Markets		Inputs		Inputs
Description	December 31, 2016		(Level 1)		(Level 2)		(Level 3)
Cash equivalents:
Money market funds	$	58,588	$	58,588	$	—	$	—
Marketable securities:
U.S treasury obligations		25,005		25,005		—		—
	$	83,593	$	83,593	$	—	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details