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Investments (Tables)
9 Months Ended
Sep. 30, 2020
Investments Debt And Equity Securities [Abstract]  
Schedule of Investments by Security Type

Investments by security type consisted of the following at September 30, 2020 and December 31, 2019 (in thousands):

 

 

 

September 30, 2020

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gain

 

 

Gross

Unrealized

Loss

 

 

Fair

Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

6,245

 

 

$

 

 

$

 

 

$

6,245

 

Corporate bonds

 

 

2,021

 

 

 

 

 

 

 

 

 

2,021

 

Government securities

 

 

104,718

 

 

 

4

 

 

 

(2

)

 

 

104,720

 

 

 

$

112,984

 

 

$

4

 

 

$

(2

)

 

$

112,986

 

 

 

 

 

December 31, 2019

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gain

 

 

Gross

Unrealized

Loss

 

 

Fair

Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Paper

 

$

11,957

 

 

$

 

 

$

 

 

$

11,957

 

Corporate Bonds

 

 

17,732

 

 

 

3

 

 

 

(2

)

 

 

17,733

 

 

 

$

29,689

 

 

$

3

 

 

$

(2

)

 

$

29,690

 

Schedule of Amortized Cost and Fair Value of Investments by Contractual Maturity

The amortized cost and fair value of investments in commercial paper, corporate bonds and government securities by contractual maturity, as of September 30, 2020 were as follows (in thousands):

 

 

 

Available-for-Sale

 

 

 

Cost

 

 

Fair Value

 

Due in 1-year or less

 

$

90,586

 

 

$

90,588

 

Due after 1-year through 5-years

 

 

22,398

 

 

 

22,398

 

 

 

$

112,984

 

 

$

112,986