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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

Financial assets measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 were as follows (in thousands):

 

 

 

As of June 30, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

23,405

 

 

$

18,168

 

 

$

 

 

$

41,573

 

Certificates of deposit

 

 

 

 

 

5,961

 

 

 

 

 

 

5,961

 

Commercial paper

 

 

 

 

 

24,603

 

 

 

 

 

 

24,603

 

Corporate debt securities

 

 

 

 

 

13,121

 

 

 

 

 

 

13,121

 

Total assets measured at fair value

 

$

23,405

 

 

$

61,853

 

 

$

 

 

$

85,258

 

 

 

 

As of December 31, 2018

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

22,275

 

 

$

19,989

 

 

$

 

 

$

42,264

 

Certificates of deposit

 

 

 

 

 

5,408

 

 

 

 

 

 

5,408

 

Commercial paper

 

 

 

 

 

47,686

 

 

 

 

 

 

47,686

 

Corporate debt securities

 

 

 

 

 

23,544

 

 

 

 

 

 

23,544

 

Total assets measured at fair value

 

$

22,275

 

 

$

96,627

 

 

$

 

 

$

118,902