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Short-Term Investments (Tables)
12 Months Ended
Dec. 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 December 31, 2019

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Repurchase agreements

 

$

14,000

 

 

$

 

 

$

 

 

 

14,000

 

Asset-backed securities

 

 

14,866

 

 

 

10

 

 

 

 

 

 

14,876

 

Money market mutual funds

 

 

39,524

 

 

 

 

 

 

 

 

 

39,524

 

Commercial paper

 

 

41,259

 

 

 

 

 

 

 

 

 

41,259

 

U.S. Treasury securities

 

 

59,926

 

 

 

45

 

 

 

 

 

 

59,971

 

Corporate debt securities

 

 

92,380

 

 

 

128

 

 

 

 

 

 

92,508

 

Total

 

$

261,955

 

 

$

183

 

 

$

 

 

$

262,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Asset-backed securities

 

$

19,541

 

 

$

 

 

$

(21

)

 

$

19,520

 

U.S. Treasury securities

 

 

29,980

 

 

 

 

 

 

(6

)

 

 

29,974

 

Money market mutual funds

 

 

31,740

 

 

 

 

 

 

 

 

 

31,740

 

Corporate debt securities

 

 

54,511

 

 

 

 

 

 

(50

)

 

 

54,461

 

Commercial paper

 

 

78,571

 

 

 

 

 

 

 

 

 

78,571

 

Total

 

$

214,343

 

 

$

 

 

$

(77

)

 

$

214,266