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Short-Term Investments (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2019

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market mutual funds

 

$

36,883

 

 

$

 

 

$

 

 

$

36,883

 

Repurchase agreements

 

 

41,200

 

 

 

 

 

 

 

 

 

41,200

 

Asset-backed securities

 

 

11,582

 

 

 

12

 

 

 

 

 

 

11,594

 

Commercial paper

 

 

23,074

 

 

 

 

 

 

 

 

 

23,074

 

Corporate debt securities

 

 

92,418

 

 

 

210

 

 

 

 

 

 

92,628

 

U.S. Treasury securities

 

 

64,794

 

 

 

36

 

 

 

(4

)

 

 

64,826

 

Total

 

$

269,951

 

 

$

258

 

 

$

(4

)

 

$

270,205

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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