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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of assets measured at fair value on recurring basis
The following tables summarize assets that are measured at fair value on a recurring basis:
 
March 31, 2020
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
 
 
 
 
 
 
 
Money market funds
$
40,395

 
$

 
$

 
$
40,395

 
$
40,395

 
$

 
$

 
$
40,395

 
 
 
 
 
 
 
 
Short-term investments
 
 
 
 
 
 
 
Commercial paper
$

 
$
52,984

 
$

 
$
52,984

Corporate bonds

 
20,672

 

 
20,672

U.S. Treasury and agency obligations

 
45,268

 

 
45,268

 
$

 
$
118,924

 
$

 
$
118,924

 
December 31, 2019
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
 
 
 
 
 
 
 
Money market funds
$
13,588

 
$

 
$

 
$
13,588

Commercial paper

 
8,987

 

 
8,987

 
$
13,588

 
$
8,987

 
$

 
$
22,575

 
 
 
 
 
 
 
 
Short-term investments
 
 
 
 
 
 
 
Commercial paper
$

 
$
61,371

 
$

 
$
61,371

Corporate bonds

 
23,869

 

 
23,869

U.S. Treasury and agency obligations

 
52,664

 

 
52,664

 
$

 
$
137,904

 
$

 
$
137,904