Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

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

	June 30, 2020
	Level 1		Level 2		Level 3		Total
Financial Assets
Money market funds	$	43,306	$	—	$	—	$	43,306
U.S. treasury securities		—		71,464		—		71,464
U.S. government agency securities		—		10,534		—		10,534
Commercial paper		—		1,751		—		1,751
Corporate bonds		—		18,766		—		18,766
Total financial assets	$	43,306	$	102,515	$	—	$	145,821

	December 31, 2019
	Level 1		Level 2		Level 3		Total
Financial Assets
Money market funds	$	7,023	$	—	$	—	$	7,023
Reverse repurchase agreements		—		6,250		—		6,250
Commercial paper		—		15,193		—		15,193
Corporate bonds		—		39,750		—		39,750
Total financial assets	$	7,023	$	61,193	$	—	$	68,216