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Investments (Tables)
12 Months Ended
Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Schedule of Short-Term Investments

The following tables summarize the Company's short-term investments (in thousands):
 
 
 
As of December 31, 2019
 
Maturity
 
Amortized cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Estimated fair value
Corporate debt securities
2 years or less
 
$
160,065

 
$
233

 
$
(1
)
 
$
160,297

Commercial paper
1 year or less
 
120,862

 
74

 

 
120,936

U.S. Agency Bonds
2 years or less
 
50,745

 
41

 
(4
)
 
50,782

U.S. Treasury bills
2 years or less
 
36,474

 
27

 
(1
)
 
36,500

 
 
 
$
368,146

 
$
375

 
$
(6
)
 
$
368,515


 
 
 
As of December 31, 2018
 
Maturity
 
Amortized cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Estimated fair value
Corporate debt securities
1 year or less
 
$
111,933

 
$
26

 
$
(43
)
 
$
111,916

Commercial paper
1 year or less
 
74,433

 

 
(24
)
 
74,409

U.S. Treasury bills
1 year or less
 
3,771

 

 

 
3,771

 
 
 
$
190,137

 
$
26

 
$
(67
)
 
$
190,096