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Fair value measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets
The following table presents the Company’s assets that are measured at fair value on a recurring basis (in thousands): 
 
December 31, 2019
 
December 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents and short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds
$
7,638

 
$

 
$

 
$
7,638

 
$
7,481

 
$

 
$

 
$
7,481

Total
$
7,638

 
$

 
$

 
$
7,638

 
$
7,481

 
$

 
$

 
$
7,481

Mutual funds held in Rabbi Trust, recorded in other long-term assets
$
616

 
$

 
$

 
$
616

 
$
465

 
$

 
$

 
$
465

Fair Value of Financial Liabilities
The following table presents the Company’s liabilities that are measured at fair value on a recurring basis (in thousands): 
 
 
As of December 31, 2018
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Rusnano payment derivative
 
$

 
$

 
$
2,000

 
$
2,000

 Total
 
$

 
$

 
$
2,000

 
$
2,000