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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value
The following table represents the fair value of the Company’s financial instruments, including those measured at fair value on a recurring basis, as of September 30, 2020 and December 31, 2019 as well as those held-to-maturity as of December 31, 2019 (in thousands):
September 30, 2020December 31, 2019
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash equivalents: 
Money market funds$510,091 $— $— $510,091 $126,700 $— $— $126,700 
Marketable securities:
Commercial paper— — — — — 130,472 — 130,472 
Corporate bonds— — — — — 85,611 — 85,611 
Agency bonds— — — — — 79,750 — 79,750 
Total cash equivalents and marketable securities$510,091 $— $— $510,091 $126,700 $295,833 $— $422,533