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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s assets and liabilities that were measured at fair value as of March 31, 2020 and December 31, 2019 by level within the fair value hierarchy (in thousands):
 
As of March 31, 2020
 (unaudited)As of December 31, 2019
 Level ILevel
II
Level IIIFair
Value
Level ILevel
II
Level IIIFair
Value
Financial assets:
Cash equivalents:
Money market funds10,998  —  —  10,998  4,789  —  —  4,789  
Marketable securities:
US Treasury securities33,737  —  —  33,737  41,531  —  —  41,531  
Prepaid expenses and other current assets:
Forward foreign exchange contracts—  —  —  —  —   —   
Other long-term assets:
Forward foreign exchange contracts—  1,683  —  1,683  —  —  —  —  
Financial liabilities:
Accrued expenses and other short-term liabilities:
Forward foreign exchange contracts—  (1,623) —  (1,623) —  (470) —  (470) 
Total financial assets (liabilities)$44,735  $60  $—  $44,795  $46,320  $(465) $—  $45,855