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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets Measured on Recurring Basis
The following table summarizes the assets and liabilities measured at fair value on a recurring basis (in thousands):
 
December 31, 2019
 
Total
 
Level 1
 
Level 2
Assets
 
 
 
 
 
Cash and cash equivalents:
 
 
 
 
 
Cash
$
662

 
$
662

 
$

Money market funds
45,873

 
45,873

 

Total cash and cash equivalents
46,535

 
46,535

 

 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
U.S. Treasury bills
36,500

 
36,500

 

Corporate debt securities
160,297

 

 
160,297

Commercial paper
120,936

 

 
120,936

U.S. Agency bonds
50,782

 

 
50,782

Total short-term investments
368,515

 
36,500

 
332,015

Total
$
415,050

 
$
83,035

 
$
332,015


 
December 31, 2018
 
Total
 
Level 1
 
Level 2
Assets
 
 
 
 
 
Cash and cash equivalents:
 
 
 
 
 
Cash
$
3,731

 
$
3,731

 
$

Money market funds
28,963

 
28,963

 

Total cash and cash equivalents
32,694

 
32,694

 

 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
U.S. Treasury Bills
3,771

 
3,771

 

Corporate debt securities
111,916

 

 
111,916

Commercial paper
74,409

 

 
74,409

Total short-term investments
190,096

 
3,771

 
186,325

Total
$
222,790

 
$
36,465

 
$
186,325