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Short-term Investments (Tables)
3 Months Ended
Mar. 31, 2020
Short Term Investments [Abstract]  
Summary of Short-term Investments

The following is a summary of our short-term investments (in thousands):

 

 

 

March 31, 2020

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

U.S. treasury bills and government agency obligations

 

$

100,499

 

 

$

932

 

 

$

 

 

$

101,431

 

U.S. corporate debt securities

 

 

70,077

 

 

 

 

 

 

(139

)

 

 

69,938

 

Foreign corporate debt securities

 

 

25,578

 

 

 

 

 

 

(85

)

 

 

25,493

 

U.S. commercial paper

 

 

25,873

 

 

 

 

 

 

 

 

 

25,873

 

Foreign commercial paper

 

 

30,326

 

 

 

 

 

 

 

 

 

30,326

 

Total

 

$

252,353

 

 

$

932

 

 

$

(224

)

 

$

253,061

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

U.S. treasury bills and government agency obligations

 

$

140,567

 

 

$

59

 

 

$

 

 

$

140,626

 

U.S. corporate debt securities

 

 

80,159

 

 

 

11

 

 

 

 

 

 

80,170

 

Foreign corporate debt securities

 

 

23,188

 

 

 

15

 

 

 

 

 

 

23,203

 

U.S. commercial paper

 

 

32,801

 

 

 

 

 

 

 

 

 

32,801

 

Foreign commercial paper

 

 

42,274

 

 

 

 

 

 

 

 

 

42,274

 

Total

 

$

318,989

 

 

$

85

 

 

$

 

 

$

319,074