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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020 and December 31, 2019 were as follows (in thousands):

 

 

 

As of June 30, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

27,509

 

 

$

2,506

 

 

$

 

 

$

30,015

 

Certificates of deposit

 

 

 

 

 

5,800

 

 

 

 

 

 

5,800

 

Commercial paper

 

 

 

 

 

2,998

 

 

 

 

 

 

2,998

 

Corporate debt securities

 

 

 

 

 

5,538

 

 

 

 

 

 

5,538

 

Total assets measured at fair value

 

$

27,509

 

 

$

16,842

 

 

$

 

 

$

44,351

 

 

 

 

As of December 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

15,478

 

 

$

27,890

 

 

$

 

 

$

43,368

 

Certificates of deposit

 

 

 

 

 

5,982

 

 

 

 

 

 

5,982

 

Commercial paper

 

 

 

 

 

17,645

 

 

 

 

 

 

17,645

 

Corporate debt securities

 

 

 

 

 

11,071

 

 

 

 

 

 

11,071

 

Total assets measured at fair value

 

$

15,478

 

 

$

62,588

 

 

$

 

 

$

78,066