Investments

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Cash and cash equivalents and investments as of December 31, 2020 included the following:

			GROSS		GROSS
	AMORTIZED		UNREALIZED		UNREALIZED		FAIR
(in thousands)	COST		GAINS		LOSSES		VALUE
Cash and cash equivalents:
Cash and cash equivalents	$	151,570	$	—	$	—	$	151,570
Total cash and cash equivalents	$	151,570	$	—	$	—	$	151,570
Investments:
Commercial paper (due within 1 year)	$	44,122	$	5	$	(23)	$	44,104
Corporate bonds (due within 1 year)	44,724		3		(37)		44,690
Total investments	$	88,846	$	8	$	(60)	$	88,794
Total cash, cash equivalents and investments	$	240,416	$	8	$	(60)	$	240,364

Cash, cash equivalents and investments as of December 31, 2019 included the following:

			GROSS		GROSS
	AMORTIZED		UNREALIZED		UNREALIZED		FAIR
(in thousands)	COST		GAINS		LOSSES		VALUE
Cash and cash equivalents:
Cash and cash equivalents	$	143,940	$	—	$	—	$	143,940
Total cash and cash equivalents	$	143,940	$	—	$	—	$	143,940
Investments:
Commercial paper (due within 1 year)	$	64,629	$	—	$	(7)	$	64,622
Corporate bonds (due within 1 year)	60,640		—		(76)		60,564
U.S. Government and government agencies (due within 1 year)	40,073		—		(9)		40,064
Total investments	$	165,342	$	—	$	(92)	$	165,250
Total cash, cash equivalents and investments	$	309,282	$	—	$	(92)	$	309,190