Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Significant Accounting Policies

Schedule of cash and cash equivalents

Cash and cash equivalents consist of highly liquid investments with maturities of three months or less from the date of purchase. Cash and cash equivalents consist of the following at (in thousands):

	June 30,		December 31,
	2020		2019
Cash	$	124,783	$	15,863
Money market funds		225,373		42,960
Asset-backed securities		24,250		20,000
Treasury bills		49,989		—
Cash and cash equivalents	$	424,395	$	78,823

Schedule of reconciliation of cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the statement of cash flows (in thousands):

	June 30,		December 31,
	2020		2019
Cash and cash equivalents	$	424,395	$	78,823
Restricted cash current		106,768		2,947
Restricted cash non-current		411		410
Cash, cash equivalents and restricted cash	$	531,574	$	82,180