Cash Equivalents

3 Months Ended

Mar. 31, 2020

Cash Equivalents and Marketable Securities [Abstract]

Cash equivalents at March 31, 2020 and December 31, 2019 consisted of the following (in thousands):


	March 31, 2020						December 31, 2019
	Adjusted Cost		Estimated Fair Value		Adjusted Cost		Estimated Fair Value
Money market funds⁽¹⁾	$	68,460	$	68,460	$	71,248	$	71,248

⁽¹⁾Money market funds are classified in cash and cash equivalents on our unaudited condensed consolidated balance sheets.

As of March 31, 2020, the total cash and cash equivalents balance of $87.3 million was comprised of money market funds of $68.5 million and cash of $18.8 million held with major financial institutions worldwide. As of December 31, 2019, the total cash and cash equivalents balance of $90.5 million was comprised of money market funds of $71.2 million and cash of $19.3 million held with major financial institutions worldwide.