Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Measurements

Schedule of fair value of assets measured at fair value on a recurring basis, by level of fair value hierarchy

The following tables present information as of December 31, 2019 and 2018 about the Company’s assets that are measured at fair value on a recurring basis and indicate the level of the fair value hierarchy the Company utilized to determine such fair values (in thousands):

	December 31, 2019
	Fair Value Measured Using						Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Assets
Cash equivalents	$	4,252	$	—	$	—	$	4,252
Marketable securities		7,023		65,805		—		72,828
	$	11,275	$	65,805	$	—	$	77,080

	December 31, 2018
	Fair Value Measured Using						Total
	(Level 1)		(Level 2)		(Level 3)		Balance
Assets
Cash equivalents	$	38,698	$	—	$	—	$	38,698
Marketable securities		—		75,401		—		75,401
	$	38,698	$	75,401	$	—	$	114,099

Schedule of fair value of available for sale marketable securities

As of December 31, 2019 and 2018, the fair value of available for sale marketable securities by type of security were as follows (in thousands):

	December 31, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,019	$	4	$	—	$	7,023
U.S. Government agency securities		17,701		16		—		17,717
Corporate debt obligations		48,079		17		(8)		48,088
	$	72,799	$	37	$	(8)	$	72,828

	December 31, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. Government agency securities	$	49,124	$	—	$	(27)	$	49,097
Corporate debt obligations		26,311		—		(7)		26,304
	$	75,435	$	—	$	(34)	$	75,401