Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2019

Marketable Securities

Summary of investments

The following table summarizes the Company’s investments as of December 31, 2019 (in thousands):

			Gross
	Amortized		Unrealized				Estimated
	Cost		Gains		Losses		Fair Value
Marketable securities available-for-sale:
U.S. Treasury obligations	$	121,103	$	39	$	(2)	$	121,140
Total available-for-sale securities	$	121,103	$	39	$	(2)	$	121,140

The following table summarizes the Company’s investments as of December 31, 2018 (in thousands):

			Gross
	Amortized		Unrealized				Estimated
	Cost		Gains		Losses		Fair Value
Marketable securities available-for-sale:
U.S. Treasury obligations	$	60,584	$	—	$	(8)	$	60,576
Total available-for-sale securities	$	60,584	$	—	$	(8)	$	60,576