Cash, Cash Equivalents and Investments
|12 Months Ended|
Dec. 31, 2017
|Cash and Cash Equivalents [Abstract]|
|Cash, cash equivalents and investments||
Cash, cash equivalents and investments
As of December 31, 2017, cash, cash equivalents and investment comprised funds in depository, money market accounts, U.S. treasury securities, asset backed securities, and corporate bonds. None of these cash equivalents and investments existed as of December 31, 2016. The following table presents the cash equivalents and investments carried at fair value in accordance with the hierarchy defined in Note 2 (in thousands):
Cash equivalents and marketable securities have been initially valued at the transaction price and subsequently valued, at the end of each reporting period, utilizing third party pricing services or other market observable data. The pricing services utilize industry standard valuation models, including both income and market based approaches and observable market inputs to determine value. The Company validates the prices provided by its third-party pricing services by reviewing their pricing methods and obtaining market values from other pricing sources, as needed. After completing its validation procedures, the Company did not adjust any fair value measurements provided by the pricing services as of December 31, 2017.
Cash equivalents and investments at December 31, 2017 consist of the following (in thousands):
The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss).
Reference 1: http://www.xbrl.org/2003/role/presentationRef