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Short-Term Investments (Tables)
3 Months Ended
Mar. 31, 2019
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:

 

As of March 31, 2019

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market mutual funds

 

$

40,291

 

 

$

 

 

$

 

 

$

40,291

 

Asset-backed securities

 

 

18,078

 

 

 

2

 

 

 

(1

)

 

 

18,079

 

Commercial paper

 

 

56,350

 

 

 

 

 

 

 

 

 

56,350

 

Corporate debt securities

 

 

45,887

 

 

 

6

 

 

 

(9

)

 

 

45,884

 

U.S. Treasury securities

 

 

26,876

 

 

 

8

 

 

 

 

 

 

26,884

 

Total

 

$

187,482

 

 

$

16

 

 

$

(10

)

 

$

187,488

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of 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