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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The following table presents the balances of assets measured at fair value on a recurring basis, by level within the fair value hierarchy, as of the dates presented (in thousands):

 

 

 

September 30, 2019

 

 

December 31, 2018

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

6,393

 

 

$

 

 

$

6,393

 

 

$

11,896

 

 

$

 

 

$

11,896

 

Total cash equivalents

 

 

6,393

 

 

 

 

 

 

6,393

 

 

 

11,896

 

 

 

 

 

 

11,896

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

 

 

 

 

29,748

 

 

 

29,748

 

 

 

 

 

 

7,482

 

 

 

7,482

 

Corporate notes and bonds

 

 

 

 

 

10,436

 

 

 

10,436

 

 

 

 

 

 

3,736

 

 

 

3,736

 

Commercial paper

 

 

 

 

 

5,967

 

 

 

5,967

 

 

 

 

 

 

9,943

 

 

 

9,943

 

Treasury bills

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,382

 

 

 

17,382

 

Total short-term investments

 

 

 

 

 

46,151

 

 

 

46,151

 

 

 

 

 

 

38,543

 

 

 

38,543

 

Total

 

$

6,393

 

 

$

46,151

 

 

$

52,544

 

 

$

11,896

 

 

$

38,543

 

 

$

50,439