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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Information about Financial Assets Measured at Fair Value on Recurring Basis Based on Three-Tier Fair Value Hierarchy

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis, based on the three-tier fair value hierarchy:

 

 

March 31, 2020

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

(in thousands)

 

Marketable securities and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

$

60,319

 

 

$

 

 

$

60,319

 

 

$

 

U.S. government agency securities

 

1,003

 

 

 

 

 

 

1,003

 

 

 

 

Money market accounts

 

3,943

 

 

 

3,943

 

 

 

 

 

 

 

Total marketable securities

$

65,265

 

 

$

3,943

 

 

$

61,322

 

 

$

 

 

December 31, 2019

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

(in thousands)

 

Marketable securities and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

$

59,950

 

 

$

 

 

$

59,950

 

 

$

 

Money market accounts

 

4,700

 

 

 

4,700

 

 

 

 

 

 

 

Total marketable securities and cash equivalents

$

64,650

 

 

$

4,700

 

 

$

59,950

 

 

$