Short-Term Investments

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Short-Term Investments

3. Short-Term Investments

The following table summarizes the amortized cost and estimated fair value of the Company’s marketable securities, which are considered to be available-for-sale investments and were included in short-term investments on the condensed consolidated balance sheets:

	September 30, 2020
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
U.S. government treasury securities		236,252		3		(17	)		236,238
Totals	$	236,252	$	3	$	(17	)	$	236,238

	December 31, 2019
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. government treasury securities	$	64,925	$	68	$	—	$	64,993
Totals	$	64,925	$	68	$	—	$	64,993

Certain short-term debt securities with original maturities of less than 90 days are included in cash and cash equivalents on the condensed consolidated balance sheets and are not included in the tables above. At September 30, 2020 and December 31, 2019, all investments had contractual maturities within one year.