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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2021
Investments All Other Investments [Abstract]  
Cash Equivalents, Restricted Cash and Short-Term Investments Classified as Available-for-sale Securities

Cash equivalents and investments (debt securities) which are classified as available-for-sale securities, consisted of the following (in thousands):

 

June 30, 2021

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair

Value

 

Money market funds (cash equivalents)

 

$

73,621

 

 

$

 

 

$

 

 

$

73,621

 

U.S. government agency securities

 

 

7,778

 

 

 

1

 

 

 

 

 

 

7,779

 

Federal agency securities

 

 

5,122

 

 

 

1

 

 

 

 

 

 

5,123

 

Total financial assets

 

$

86,521

 

 

$

2

 

 

$

 

 

$

86,523

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

73,621

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12,902

 

Total financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

86,523

 

 

 

December 31, 2020

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair

Value

 

Money market funds (cash equivalents)

 

$

30,360

 

 

$

 

 

$

 

 

$

30,360

 

U.S. government agency securities

 

 

37,835

 

 

 

2

 

 

 

 

 

 

37,837

 

Federal agency securities

 

 

13,697

 

 

 

3

 

 

 

 

 

 

13,700

 

Total financial assets

 

$

81,892

 

 

$

5

 

 

$

 

 

$

81,897

 

Classified as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,360

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

48,994

 

Long-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,543

 

Total financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

81,897