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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Measurements  
Schedule of the Company's financial assets and financial liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2019 and December 31, 2018, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value (in thousands). The Company did not have any financial liabilities measured at fair value on a recurring basis as of December 31, 2018.

At December 31, 2019

 

Significant

 

Quoted prices in

other

Significant

 

active markets for

observable

unobservable

 

December 31,

identical assets

inputs

inputs

 

2019

(Level 1)

(Level 2)

(Level 3)

 

Assets

    

    

    

    

    

    

    

    

Money market funds (i)

$

2,530

$

2,530

$

$

Bank certificates of deposit (ii)(iii)

14,208

14,208

Commercial paper (ii)

7,484

7,484

Corporate notes (ii)

65,638

65,638

Asset-backed securities (ii)

25,424

25,424

Total assets

$

115,284

$

2,530

$

112,754

$

Liabilities

Cash-settled stock options

$

6,685

6,685

Total liabilities

$

6,685

$

$

6,685

$

(i)Included in cash and cash equivalents with a maturity of three months or less from date of purchase on the consolidated balance sheets.
(ii)Included in short-term investments on the consolidated balance sheets.
(iii)One bank certificate of deposit investment totaling $1,201 (in thousands) is included in cash and cash equivalents on the consolidated balance sheets, as the investment has a maturity of three months or less from the date of purchase on the consolidated balance sheets.

At December 31, 2018

Significant

 

Quoted prices in

other

Significant

 

active markets for

observable

unobservable

 

December 31,

identical assets

inputs

inputs

 

2018

(Level 1)

(Level 2)

(Level 3)

 

Assets

    

    

    

    

    

    

    

    

Money market funds (i)

$

1,156

$

1,156

$

$

U.S. government agency bonds (ii)

1,982

1,982

U.S. Government bonds (ii)

1,297

1,297

Bank certificates of deposit (ii)

15,201

15,201

Commercial paper (ii)

9,593

9,593

Corporate notes (ii)(iii)

61,752

61,752

Asset-backed securities (ii)

21,842

21,842

Total assets

$

112,823

$

1,156

$

111,667

$

(i)Included in cash and cash equivalents with a maturity of three months or less from date of purchase on the consolidated balance sheets.
(ii)Included in short-term investments on the consolidated balance sheets.
(iii)One corporate note investment totaling $1,000 (in thousands) is included in cash and cash equivalents on the consolidated balance sheets, as the investment has a maturity of three months or less from the date of purchase on the consolidated balance sheets.