Cash, Cash Equivalents and Short-term Investments (Tables)

6 Months Ended

Jun. 30, 2020

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Available-For-Sale Investments

The following tables present cash, cash equivalents and short-term investments (in thousands) as of June 30, 2020 and December 31, 2019:

	As of June 30, 2020
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair value
Cash and cash equivalents:
Demand deposits and other cash	$	22,704	$	—	$	—		$	22,704
Money market funds	6,682		—		—			6,682
Total cash and cash equivalents	29,386		—		—			29,386
Short-Term Investments:
Commercial paper	15,954		35		(2		)	15,987
Corporate debt securities	187,234		1,288		(33		)	188,489
Total short-term investments	203,188		1,323		(35		)	204,476
Total cash, cash equivalents and short-term investments	$	232,574	$	1,323	$	(35	)	$	233,862

	As of December 31, 2019
	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair value
Cash and cash equivalents:
Demand deposits and other cash	$	21,618	$	—	$	—		$	21,618
Money market funds	4,086		—		—			4,086
Total cash and cash equivalents	25,704		—		—			25,704
Short-Term Investments:
Commercial paper	12,861		—		(7		)	12,854
U.S. government agency securities	3,000		—		—			3,000
Corporate debt securities	187,866		499		(55		)	188,310
Total short-term investments	203,727		499		(62		)	204,164
Total cash, cash equivalents and short-term investments	$	229,431	$	499	$	(62	)	$	229,868

Investments Classified by Contractual Maturity Date

Classification of the cash, cash equivalents and short-term investments by contractual maturity was as follows:

(in thousands)	One year or shorter		Between 1 and 2 years		Total
Balances as of June 30, 2020
Cash and cash equivalents (1)	$	29,386	$	—	$	29,386
Short-term investments	121,605		82,871		204,476
Cash, cash equivalents and short-term investments	$	150,991	$	82,871	$	233,862
Balances as of December 31, 2019
Cash and cash equivalents (1)	$	25,704	$	—	$	25,704
Short-term investments	113,010		91,154		204,164
Cash, cash equivalents and short-term investments	$	138,714	$	91,154	$	229,868
(1) Includes demand deposits and other cash, money market funds and other cash equivalent securities, all with 0-90 day maturity at purchase.