XML 82 R24.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:
 
December 31, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)
Marketable securities
 
 
 
 
 
 
 
Money market funds
$
3,068

 
$
—

 
$
—

 
$
3,068

U.S. treasury securities
67,083

 
—

 
—

 
67,083

Corporate bonds
—

 
10,375

 
—

 
10,375

Commercial paper
—

 
7,660

 
—

 
7,660

Total marketable securities
$
70,151

 
$
18,035

 
$
—

 
$
88,186

 
 
 
 
 
 
 
 
 
December 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(in thousands)

Marketable securities
 
 
 
 
 
 
 
Money market funds
$
15,223

 
$
—

 
$
—

 
$
15,223

U.S. treasury securities
66,489

 
—

 
—

 
66,489

Corporate bonds
—

 
19,720

 
—

 
19,720

Commercial paper
—

 
18,529

 
—

 
18,529

Total marketable securities
$
81,712

 
$
38,249

 
$
—

 
$
119,961