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Cash Equivalents and Marketable Securities (Tables)
9 Months Ended
Sep. 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):

 

 

 

September 30, 2019

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Estimated

Fair Value

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

13,447

 

 

$

 

 

$

 

 

$

13,447

 

Reverse repurchase agreements

 

 

6,250

 

 

 

 

 

 

 

 

 

6,250

 

Total cash equivalents

 

 

19,697

 

 

 

 

 

 

 

 

 

19,697

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

 

750

 

 

 

 

 

 

 

 

 

750

 

Commercial paper

 

 

23,096

 

 

 

22

 

 

 

 

 

 

23,118

 

Corporate bonds

 

 

40,231

 

 

 

67

 

 

 

(11

)

 

 

40,287

 

Total marketable securities

 

$

64,077

 

 

$

89

 

 

$

(11

)

 

$

64,155

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

 

4,114

 

 

 

 

 

 

(2

)

 

 

4,112

 

Commercial paper

 

 

47,964

 

 

 

 

 

 

(24

)

 

 

47,940

 

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):

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Due in one year or less

 

$

57,014

 

 

$

52,052

 

Due in 1 - 2 years

 

 

7,141

 

 

 

 

Total marketable securities

 

$

64,155

 

 

$

52,052