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Fair Value (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value

The Company’s financial assets measured at fair value are as follows (in thousands):

 

 

 

September 30, 2019

 

 

December 31, 2018

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

336,053

 

 

$

336,053

 

 

$

 

 

$

147,221

 

 

$

147,221

 

 

$

 

Money market funds

 

 

49,946

 

 

 

49,946

 

 

 

 

 

 

8,343

 

 

 

8,343

 

 

 

 

Restricted cash

 

 

868

 

 

 

868

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds and commercial paper

 

 

1,496

 

 

 

 

 

 

1,496

 

 

 

37,151

 

 

 

 

 

 

37,151

 

U.S. government securities

 

 

 

 

 

 

 

 

 

 

 

4,995

 

 

 

 

 

 

4,995

 

Total assets measured and recorded at fair value

 

$

388,363

 

 

$

386,867

 

 

$

1,496

 

 

$

197,710

 

 

$

155,564

 

 

$

42,146