XML 47 R15.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are as follows (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Total

 

 

Quoted Prices in

Active Markets

for Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

34,674

 

 

$

34,674

 

 

$

 

 

$

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

3,100

 

 

 

 

 

 

3,100

 

 

 

 

Commercial paper

 

 

5,076

 

 

 

 

 

 

5,076

 

 

 

 

Corporate debt securities

 

 

2,200

 

 

 

 

 

 

2,200

 

 

 

 

Total short-term investments

 

 

10,376

 

 

 

 

 

 

10,376

 

 

 

 

Total assets measured at fair value

 

$

45,050

 

 

$

34,674

 

 

$

10,376

 

 

$

 

 

 

 

 

 

 

Fair Value Measurements Using

 

 

 

Total

 

 

Quoted Prices in

Active Markets

for Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

8,248

 

 

$

8,248

 

 

$

 

 

$

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

6,304

 

 

 

 

 

 

6,304

 

 

 

 

Commercial paper

 

 

7,568

 

 

 

 

 

 

7,568

 

 

 

 

Corporate debt securities

 

 

8,062

 

 

 

 

 

 

8,062

 

 

 

 

Total short-term investments

 

 

21,934

 

 

 

 

 

 

21,934

 

 

 

 

Total assets measured at fair value

 

$

30,182

 

 

$

8,248

 

 

$

21,934

 

 

$

 

 

Schedule of Available-for-sale Investments

As of March 31, 2020 and December 31, 2019, available-for-sale investments are detailed as follows (in thousands):

 

 

 

March 31, 2020

 

 

 

Gross

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Market Value

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

$

3,102

 

 

$

 

 

$

(2

)

 

$

3,100

 

Commercial paper

 

 

5,077

 

 

 

 

 

 

 

 

 

5,077

 

Corporate debt securities

 

 

2,200

 

 

 

 

 

 

(1

)

 

 

2,199

 

 

 

$

10,379

 

 

$

 

 

$

(3

)

 

$

10,376

 

 

 

 

December 31, 2019

 

 

 

Gross

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Market Value

 

Available-for-sale investments, short-term:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

$

6,299

 

 

$

5

 

 

$

 

 

$

6,304

 

Commercial paper

 

 

7,568

 

 

 

 

 

 

 

 

 

7,568

 

Corporate debt securities

 

 

8,057

 

 

 

5

 

 

 

 

 

 

8,062

 

 

 

$

21,924

 

 

$

10

 

 

$

 

 

$

21,934