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Marketable Securities
3 Months Ended
Mar. 31, 2019
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

4. Marketable Securities

Marketable securities, which are classified as available-for-sale, consisted of the following as of March 31, 2019 (in thousands):

 

 

 

Amortized

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

Money market funds

 

$

29,239

 

 

$

 

 

$

 

 

$

29,239

 

Short-term marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. and foreign commercial paper

 

$

16,607

 

 

$

10

 

 

$

(1

)

 

$

16,616

 

U.S. and foreign corporate debt securities

 

 

16,404

 

 

 

5

 

 

 

(1

)

 

 

16,408

 

U.S. government debt securities

 

 

65,711

 

 

 

14

 

 

 

(4

)

 

 

65,721

 

U.S. treasuries

 

 

17,208

 

 

 

1

 

 

 

(5

)

 

 

17,204

 

Total short-term marketable securities

 

 

115,930

 

 

 

30

 

 

 

(11

)

 

 

115,949

 

Total marketable securities

 

$

145,169

 

 

$

30

 

 

$

(11

)

 

$

145,188

 

 

 

Marketable securities, which are classified as available-for-sale, consisted of the following as of December 31, 2018 (in thousands):

 

 

 

Amortized

Cost Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

Money market funds

 

$

14,131

 

 

$

 

 

$

 

 

$

14,131

 

Short-term marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. and foreign commercial paper

 

 

10,638

 

 

 

 

 

 

(3

)

 

 

10,635

 

U.S. and foreign corporate debt securities

 

 

26,552

 

 

 

2

 

 

 

(21

)

 

 

26,533

 

Asset-backed securities

 

 

2,750

 

 

 

 

 

 

(2

)

 

 

2,748

 

U.S. government debt securities

 

 

81,755

 

 

 

1

 

 

 

(57

)

 

 

81,699

 

U.S. treasuries

 

 

34,136

 

 

 

1

 

 

 

(16

)

 

 

34,121

 

Total short-term marketable securities

 

 

155,831

 

 

 

4

 

 

 

(99

)

 

 

155,736

 

Total marketable securities

 

$

169,962

 

 

$

4

 

 

$

(99

)

 

$

169,867

 

 

There have been no significant realized gains or losses on available-for-sale securities for the periods presented. Available-for-sale debt securities that were in a continuous loss position but were not deemed to be other than temporarily impaired were immaterial at both March 31, 2019 and December 31, 2018.