Annual report pursuant to Section 13 and 15(d)

CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

v3.8.0.1
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS  
Schedule of cash, cash equivalents and short-term investments

Cash, cash equivalents and short-term investments consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2017

    

2016

 

Cash

 

$

582

 

$

240

 

Money market funds

 

 

2,795

 

 

9,496

 

U.S. treasury bills

 

 

6,726

 

 

4,300

 

Government-sponsored enterprise securities

 

 

7,826

 

 

16,459

 

Corporate bonds and commercial paper

 

 

97,822

 

 

44,271

 

 

 

$

115,751

 

$

74,766

 

Reported as:

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

38,290

 

$

17,632

 

Short-term investments

 

 

77,461

 

 

57,134

 

 

 

$

115,751

 

$

74,766

 

 

Schedule of cash equivalents and short-term investments including the securities with unrealized gains and losses

Cash equivalents and short-term investments included the following securities with gross unrealized gains and losses (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

 

December 31, 2017

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. treasury bills

 

$

6,733

 

$

 —

 

$

(7)

 

$

6,726

 

Government-sponsored enterprise securities

 

 

7,835

 

 

 —

 

 

(9)

 

 

7,826

 

Corporate bonds and commercial paper

 

 

97,888

 

 

 1

 

 

(67)

 

 

97,822

 

Total

 

$

112,456

 

$

 1

 

$

(83)

 

$

112,374

 

 

Schedule of contractual maturities of cash equivalents and short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Gross

    

Gross

    

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

 

 

 

December 31, 2016

 

Cost

 

Gains

 

Losses

 

Fair Value

 

U.S. treasury bills

 

$

4,300

 

$

 —

 

$

 —

 

$

4,300

 

Government-sponsored enterprise securities

 

 

16,457

 

 

 3

 

 

(1)

 

 

16,459

 

Corporate bonds and commercial paper

 

 

44,291

 

 

 2

 

 

(22)

 

 

44,271

 

Total

 

$

65,048

 

$

 5

 

$

(23)

 

$

65,030

 

 

Schedule of fair value and gross unrealized losses of the entity's investments in unrealized loss position

The following table shows the fair value and gross unrealized losses of our investments in individual securities that are in an unrealized loss position, aggregated by investment category (in thousands):

 

 

 

 

 

 

 

 

 

December 31, 2017

    

Fair Value

    

Unrealized Losses

 

U. S. treasury bills

 

$

6,726

 

$

(7)

 

Government-sponsored enterprise securities

 

 

7,826

 

 

(9)

 

Corporate bonds and commercial paper

 

 

46,191

 

 

(67)

 

Total

 

$

60,743

 

$

(83)