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Cash Equivalents and Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]  
Schedule of Estimated Fair Value of Cash Equivalents and Marketable Securities

The following tables summarize the estimated fair value of the Company’s cash equivalents and marketable securities and the gross unrealized gains and losses (in thousands):

 

 

 

June 30, 2019

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

5,947

 

 

$

 

 

$

 

 

$

5,947

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Commercial paper

 

 

7,991

 

 

 

 

 

 

(1

)

 

 

7,990

 

Total cash equivalents

 

 

20,188

 

 

 

 

 

 

(1

)

 

 

20,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

41,407

 

 

 

39

 

 

 

(1

)

 

 

41,445

 

U.S. government securities

 

 

38,636

 

 

 

43

 

 

 

(13

)

 

 

38,666

 

Total marketable securities

 

$

80,043

 

 

$

82

 

 

$

(14

)

 

$

80,111

 

 

 

 

 

December 31, 2018

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

7,180

 

 

$

 

 

$

 

 

$

7,180

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Commercial paper

 

 

5,977

 

 

 

 

 

 

(1

)

 

 

5,976

 

Total cash equivalents

 

 

19,407

 

 

 

 

 

 

(1

)

 

 

19,406

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

47,964

 

 

 

 

 

 

(24

)

 

 

47,940

 

U.S. government securities

 

 

4,114

 

 

 

 

 

 

(2

)

 

 

4,112

 

Total marketable securities

 

$

52,078

 

 

$

 

 

$

(26

)

 

$

52,052

 

Summary of Contractual Maturities of Marketable Securities at Estimated Fair Value

The following table summarizes the contractual maturities of the Company’s marketable securities at estimated fair value (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Due in one year or less

 

$

67,330

 

 

$

52,052

 

Due in 1 - 2 years

 

 

12,781

 

 

 

 

Total marketable securities

 

$

80,111

 

 

$

52,052