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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Fair Value Hierarchy for Financial Assets

The Company’s fair value hierarchy for its cash equivalents and marketable securities as of December 31, 2020 and 2019, respectively, was as follows:

 

December 31, 2020

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

10,988

 

 

$

 

 

$

 

 

$

10,988

 

Commercial paper

 

 

 

 

 

36,478

 

 

 

 

 

 

36,478

 

Pre-refunded municipals

 

 

 

 

 

26,697

 

 

 

 

 

 

26,697

 

Corporate notes

 

 

 

 

 

2,437

 

 

 

 

 

 

2,437

 

Total

 

$

10,988

 

 

$

65,612

 

 

$

 

 

$

76,600

 

 

 

December 31, 2019

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Money market securities

 

$

746

 

 

$

 

 

$

 

 

$

746

 

Commercial paper

 

 

 

 

 

25,481

 

 

 

 

 

 

25,481

 

Corporate notes

 

 

 

 

 

5,773

 

 

 

 

 

 

5,773

 

U.S. treasuries

 

 

 

 

 

4,040

 

 

 

 

 

 

4,040

 

Total

 

$

746

 

 

$

35,294

 

 

$

 

 

$

36,040

 

 

Summary of Fair Value Maturities for Financial Asset

The fair value maturities of the Company’s cash equivalents and marketable securities as of December 31, 2020 are as follows:

 

 

Maturities by Period

 

 

 

Total

 

 

Less than

1 year

 

 

1-5

years

 

 

5 - 10

years

 

 

More than

10 years

 

Cash equivalents and marketable securities

 

$

76,600

 

 

$

76,600

 

 

$

 

 

$

 

 

$