Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Measurements

Schedule of fair value of financial assets

The following table presents the fair value of the Company’s financial assets determined using the inputs defined above (in thousands).

	December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	12,964	$	—	$	—	$	12,964
Commercial paper		—		44,282		—		44,282
Corporate debt securities		—		33,662		—		33,662
U.S. Treasury and agency securities		—		40,810		—		40,810
Total financial assets	$	12,964	$	118,754	$	—	$	131,718

	December 31, 2018
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	25,390	$	—	$	—	$	25,390
Commercial paper		—		59,730		—		59,730
Corporate debt securities		—		8,989		—		8,989
U.S. Treasury and agency securities		—		33,394		—		33,394
Total financial assets	$	25,390	$	102,113	$	—	$	127,503