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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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:
September 30, 2020
(in thousands)Level 1Level 2Level 3Total
Cash and cash equivalents
Money market funds$51,409 $— $— $51,409 
$51,409 $— $— $51,409 
Short-term investments
Commercial paper$— $70,641 $— $70,641 
Corporate bonds— 11,769 — 11,769 
U.S. Treasury and agency obligations— 45,310 — 45,310 
$— $127,720 $— $127,720 
December 31, 2019
(in thousands)Level 1Level 2Level 3Total
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