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Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Summary of Amortized Cost and Estimated Fair Value of Marketable Securities

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 consolidated balance sheets:

 

 

 

December 31, 2020

 

(in thousands)

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

U.S. government treasury securities

 

$

233,687

 

 

$

 

 

$

(24

)

 

$

233,663

 

Totals

 

$

233,687

 

 

$

 

 

$

(24

)

 

$

233,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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