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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
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
 
 
September 30, 2019
(in thousands)
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
Cash and cash equivalents:
 
 
 
 
 
 
 
 
Cash and money market funds
 
$
248,702

 
$

 
$

 
$
248,702

Total cash and cash equivalents:
 
$
248,702

 
$

 
$

 
$
248,702

Investments:
 
 
 
 
 
 
 
 
Commercial paper
 
$

 
$
39,527

 
$

 
39,527

Corporate bonds
 

 
57,568

 

 
57,568

Total investments
 
$

 
$
97,095

 
$

 
$
97,095

Total cash, cash equivalents and investments:
 
$
248,702

 
$
97,095

 
$

 
$
345,797

 
 
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