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Investment Securities (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020 and December 31, 2019 (in thousands):

 

 

As of June 30, 2020

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair

Market

Value

 

Available-for-sale investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

29,984

 

 

$

32

 

 

$

(1

)

 

$

30,015

 

Certificates of deposit

 

 

5,743

 

 

 

57

 

 

 

 

 

 

5,800

 

Commercial paper

 

 

2,998

 

 

 

 

 

 

 

 

 

2,998

 

Corporate debt securities

 

 

5,499

 

 

 

39

 

 

 

 

 

 

5,538

 

Total

 

$

44,224

 

 

$

128

 

 

$

(1

)

 

$

44,351

 

 

 

 

As of December 31, 2019

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair

Market

Value

 

Available-for-sale investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

43,275

 

 

$

94

 

 

$

(1

)

 

$

43,368

 

Certificates of deposit

 

 

5,931

 

 

 

51

 

 

 

 

 

 

5,982

 

Commercial paper

 

 

17,645

 

 

 

 

 

 

 

 

 

17,645

 

Corporate debt securities

 

 

11,067

 

 

 

7

 

 

 

(3

)

 

 

11,071

 

Total

 

$

77,918

 

 

$

152

 

 

$

(4

)

 

$

78,066