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Fair Value of Financial Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Summary of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis:

 

 

 

Fair Value Measurements as of December 31, 2019 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash Equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

25,510

 

 

$

 

 

$

 

 

$

25,510

 

Commercial paper

 

 

 

 

 

4,243

 

 

 

 

 

 

4,243

 

Corporate bonds

 

 

 

 

 

4,900

 

 

 

 

 

 

4,900

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

11,957

 

 

$

 

 

$

11,957

 

Corporate bonds

 

 

 

 

 

17,733

 

 

 

 

 

 

17,733

 

 

 

$

25,510

 

 

$

38,833

 

 

$

 

 

$

64,343

 

 

 

 

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