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Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2018
Investments Disclosure [Abstract]  
Summary of Investments Included in Cash Equivalents and Short Term Investments

The following table summarizes the Company’s investments, which are included in cash equivalents and short-term investments:

 

December 31, 2018

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market mutual funds

 

$

31,740

 

 

$

 

 

$

 

 

$

31,740

 

Asset-backed securities

 

 

19,541

 

 

 

 

 

 

(21

)

 

 

19,520

 

Commercial paper

 

 

78,571

 

 

 

 

 

 

 

 

 

78,571

 

Corporate debt securities

 

 

54,511

 

 

 

 

 

 

(50

)

 

 

54,461

 

U.S. Treasury securities

 

 

29,980

 

 

 

 

 

 

(6

)

 

 

29,974

 

Total

 

$

214,343

 

 

$

 

 

$

(77

)

 

$

214,266

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market mutual funds

 

$

44,182

 

 

$

 

 

$

 

 

$

44,182

 

Asset-backed securities

 

 

7,428

 

 

 

 

 

 

(6

)

 

 

7,422

 

Commercial paper

 

 

34,882

 

 

 

 

 

 

 

 

 

34,882

 

Corporate debt securities

 

 

26,906

 

 

 

 

 

 

(50

)

 

 

26,856

 

U.S. Treasury securities

 

 

8,941

 

 

 

 

 

 

(17

)

 

 

8,924

 

Total

 

$

122,339

 

 

$

 

 

$

(73

)

 

$

122,266