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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Company's Available-for-Sale Securities by Level within Fair Value Hierarchy
The Company’s investments by level within the fair value hierarchy were as follows (in thousands):
Type of securities as of December 31, 2019
Fair value measurement using:
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market fund
$
22,152

 
$

 
$

 
$
22,152

Short-term investments:
 
 
 
 
 
 
 
Corporate debt securities

 
78,330

 

 
78,330

U.S. government-related debt securities

 
27,003

 

 
27,003

Asset-backed securities

 
11,971

 

 
11,971

Corporate equity securities
10,518

 

 

 
10,518

Total
$
32,670

 
$
117,304

 
$

 
$
149,974

Type of securities as of December 31, 2018
Fair value measurement using:
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents:
 
 
 
 
 
 
 
Money market fund
$
16,293

 
$

 
$

 
$
16,293

Short-term investments:
 
 
 
 
 
 
 
Corporate debt securities

 
47,279

 

 
47,279

U.S. government-related debt securities

 
14,961

 

 
14,961

Asset-backed securities

 
7,401

 

 
7,401

Total
$
16,293

 
$
69,641

 
$

 
$
85,934