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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value Measurements
The following tables summarize the fair value of financial assets and liabilities that are measured at fair value and the classification by level of input within the fair value hierarchy:
 
 
FAIR VALUE MEASUREMENTS AS OF
 
 
DECEMBER 31, 2018
(in thousands)
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash and money market funds
 
$
202,818

 
$

 
$

 
$
202,818

Total cash and cash equivalents:
 
$
202,818

 
$

 
$

 
$
202,818

 
 
FAIR VALUE MEASUREMENTS AS OF
 
 
DECEMBER 31, 2017
(in thousands)
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash and money market funds
 
$
197,569

 
$

 
$

 
$
197,569

Total cash and cash equivalents:
 
$
197,569

 
$

 
$

 
$
197,569

Investments:
 
 
 
 
 
 
 
 
Commercial paper
 
$

 
$
30,883

 
$

 
$
30,883

Corporate bonds
 

 
21,203

 

 
21,203

Total investments
 
$

 
$
52,086

 
$

 
$
52,086

Total cash, cash equivalents and investments:
 
$
197,569

 
$
52,086

 
$

 
$
249,655