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Fair Value Of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value
Assets and liabilities measured at fair value on a recurring basis included the following as of June 30, 2019 and December 31, 2018 (in thousands):
 
 
June 30, 2019
 
December 31, 2018
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Cash equivalents
$
312,857

 
$
312,857

 
$
—

 
$
—


$
129,172

 
$
129,172

 
$
—

 
$
—

Corporate bonds
7,998

 
—

 
7,998

 
—

 
58,033

 
—

 
58,033

 
—

U.S. treasury securities
—

 
—

 
—

 
—

 
138,726

 
—

 
138,726

 
—

Commercial paper
—

 
—

 
—

 
—

 
7,973

 
—

 
7,973

 
—

Total
$
320,855

 
$
312,857

 
$
7,998

 
$
—

 
$
333,904

 
$
129,172

 
$
204,732

 
$
—