Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Marketable Securities Measured at Fair Value on Recurring Basis

The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:

	September 30, 2020
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	52,290	$	—	$	—	$	52,290
U.S. treasury securities	57,018		—		—		57,018
Corporate bonds	—		8,614		—		8,614
Commercial paper	—		10,392		—		10,392
Total marketable securities	$	109,308	$	19,006	$	—	$	128,314
	December 31, 2019
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	3,068	$	—	$	—	$	3,068
U.S. treasury securities	67,083		—		—		67,083
Corporate bonds	—		10,375		—		10,375
Commercial paper	—		7,660		—		7,660
Total marketable securities	$	70,151	$	18,035	$	—	$	88,186