Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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).

	June 30, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	139,027	$	—	$	—	$	139,027
Commercial paper		—		14,538		—		14,538
Corporate debt securities		—		4,898		—		4,898
U.S. Treasury and agency securities		—		44,987		—		44,987
Total financial assets	$	139,027	$	64,423	$	—	$	203,450

	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