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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]  
Summary of Available-For-Sale Investment Securities Held by the Company The following is a summary of the available-for-sale investment securities held by the Company as of June 30, 2019 and December 31, 2018 (in thousands):

 

 

As of June 30, 2019

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair

Market

Value

 

Available-for-sale investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

41,410

 

 

$

163

 

 

$

 

 

$

41,573

 

Certificates of deposit

 

 

5,909

 

 

 

52

 

 

 

 

 

 

5,961

 

Commercial paper

 

 

24,603

 

 

 

 

 

 

 

 

 

24,603

 

Corporate debt securities

 

 

13,102

 

 

 

19

 

 

 

 

 

 

13,121

 

Total

 

$

85,024

 

 

$

234

 

 

$

 

 

$

85,258

 

 

 

 

As of December 31, 2018

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair

Market

Value

 

Available-for-sale investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

42,193

 

 

$

72

 

 

$

(1

)

 

$

42,264

 

Certificates of deposit

 

 

5,408

 

 

 

 

 

 

 

 

 

5,408

 

Commercial paper

 

 

47,686

 

 

 

 

 

 

 

 

 

47,686

 

Corporate debt securities

 

 

23,554

 

 

 

2

 

 

 

(12

)

 

 

23,544

 

Total

 

$

118,841

 

 

$

74

 

 

$

(13

)

 

$

118,902