XML 43 R30.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Measurements [Abstract]  
Fair Value, Marketable Securities Measured on Recurring and Nonrecurring Basis

Financial assets carried at fair value are classified in the tables below in one of the three categories described above:

Fair Value Measurements Using

    

Total

    

Level 1

    

Level 2

    

Level 3

(in thousands)

March 31, 2020

 

  

 

  

 

  

 

  

Assets

 

  

 

  

 

  

 

  

Cash and cash equivalents:

Money market funds

$

24,773

$

24,773

$

$

Available-for-sale investment debt securities:

 

  

 

  

 

  

 

  

Commercial paper

 

18,488

 

 

18,488

 

Corporate debt securities

 

485,098

 

 

485,098

 

U.S. treasuries

4,042

4,042

Total financial assets

$

532,401

$

24,773

$

507,628

$

December 31, 2019

 

  

 

  

 

  

 

  

Assets

 

  

 

  

 

  

 

  

Cash and cash equivalents:

Money market funds

$

19,376

$

19,376

$

$

Commercial paper

7,498

7,498

Available-for-sale investment debt securities:

 

  

 

  

 

  

 

  

Commercial paper

 

42,848

 

 

42,848

 

Corporate debt securities

 

539,719

 

 

539,719

 

Total financial assets

$

609,441

$

19,376

$

590,065

$

Schedule of Available for Sale Securities Debt Maturities

The aggregate fair value of all available-for-sale investment debt securities (commercial paper, corporate debt securities and U.S. treasuries), by contractual maturity, are as follows:

Fair Value as of

    

March 31, 2020

    

December 31, 2019

(in thousands)

Due in one year or less

$

433,013

$

473,602

Due after one year through two years

 

74,615

 

116,463

Total investment debt securities

$

507,628

$

590,065