Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Financial Liabilities Measured at Fair Value on a Recurring Basis

The following tables set forth the fair value of the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

	June 30, 2020
	Level I		Level II		Level III		Total
Cash equivalents—money market funds	$	59,832	$	—	$	—	$	59,832
Marketable securities
Commercial paper	—		44,876		—		44,876
U.S. government securities	24,730		—		—		24,730
Total financial assets	$	84,562	$	44,876	$	—	$	129,438

	December 31, 2019
	Level I		Level II		Level III		Total
Cash equivalents—money market funds	$	35,286	$	—	$	—	$	35,286
Marketable securities
Commercial paper	—		50,794		—		50,794
U.S. government securities	34,687		—		—		34,687
Total financial assets	$	69,973	$	50,794	$	—	$	120,767