Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value of Financial Instruments

Summary of fair value of the Company’s financial assets

The following tables set forth the fair value of the Company’s financial assets by level within the fair value hierarchy (in thousands):

	September 30, 2019
	Carrying
	Amount		Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market	$	5,465	$	5,465	$	5,465	$	—	$	—
Marketable securities:
U.S. treasury securities		19,982		19,983		—		19,983		—
Agency bonds		47,178		47,161		—		47,161		—
Corporate bonds		107,045		107,003		—		107,003		—
Total	$	179,670	$	179,612	$	5,465	$	174,147	$	—

	December 31, 2018
	Carrying
	Amount		Fair Value		Level 1		Level 2		Level 3
Cash equivalents:
Money market	$	5,000	$	5,000	$	5,000		—		—