XML 28 R18.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

We measure cash, cash equivalents and short-term investments at fair value on a recurring basis. The fair values of such assets were as follows (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

Balance at

March 31,

2020

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Cash and money market funds

 

$

103,285

 

 

$

103,285

 

 

$

—

 

 

$

—

 

U.S. treasury bills and government agency obligations

 

 

101,431

 

 

 

101,431

 

 

 

—

 

 

 

—

 

U.S. corporate debt securities

 

 

69,938

 

 

 

—

 

 

 

69,938

 

 

 

—

 

Foreign corporate debt securities

 

 

25,493

 

 

 

—

 

 

 

25,493

 

 

 

—

 

U.S. commercial paper

 

 

25,873

 

 

 

—

 

 

 

25,873

 

 

 

—

 

Foreign commercial paper

 

 

30,326

 

 

 

—

 

 

 

30,326

 

 

 

—

 

Total

 

$

356,346

 

 

$

204,716

 

 

$

151,630

 

 

$

—

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

Balance at

December 31,

2019

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Cash and money market funds

 

$

56,931

 

 

$

56,931

 

 

$

—

 

 

$

—

 

U.S. treasury bills and government agency obligations

 

 

140,626

 

 

 

140,626

 

 

 

—

 

 

 

—

 

U.S. corporate debt securities

 

 

80,170

 

 

 

—

 

 

 

80,170

 

 

 

—

 

Foreign corporate debt securities

 

 

23,203

 

 

 

—

 

 

 

23,203

 

 

 

—

 

U.S. commercial paper

 

 

32,801

 

 

 

—

 

 

 

32,801

 

 

 

—

 

Foreign commercial paper

 

 

57,241

 

 

 

—

 

 

 

57,241

 

 

 

—

 

Total

 

$

390,972

 

 

$

197,557

 

 

$

193,415

 

 

$

—