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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets as of September 30, 2019 and December 31, 2018 that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (note there were no liabilities measured at fair value on a recurring basis as of September 30, 2019 or December 31, 2018):

 

 

 

Fair Value Measurements as of September 30, 2019 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

24,134

 

 

$

 

 

$

 

 

$

24,134

 

Commercial paper

 

 

 

 

$

5,495

 

 

 

 

 

 

5,495

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

17,920

 

 

$

 

 

$

17,920

 

Corporate bonds

 

 

 

 

 

15,029

 

 

 

 

 

 

15,029

 

Government securities

 

 

 

 

 

545

 

 

 

 

 

 

545

 

Treasury bonds

 

 

 

 

 

998

 

 

 

 

 

 

998

 

 

 

$

24,134

 

 

$

39,987

 

 

$

 

 

$

64,121

 

 

 

 

 

 

Fair Value Measurements as of December 31, 2018 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

39,982

 

 

$

 

 

$

 

 

$

39,982

 

 

 

$

39,982

 

 

$

 

 

$

 

 

$

39,982