Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

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).

	March 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	45,644	$	—	$	—	$	45,644
Commercial paper		—		39,563		—		39,563
Corporate debt securities		—		13,288		—		13,288
U.S. Treasury and agency securities		—		17,531		—		17,531
Total financial assets	$	45,644	$	70,382	$	—	$	116,026

	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