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Cash, Cash Equivalents and Short-term Investments
9 Months Ended
Sep. 30, 2020
Cash And Cash Equivalents [Abstract]  
Cash, Cash Equivalents, and Short-term Investments

Note 3. Cash, Cash Equivalents and Short-term Investments

The following tables summarize the estimated value of the Company’s cash, cash equivalents and short-term investments (in thousands):

 

 

 

September 30, 2020

 

 

 

Amortized

Cost

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

191,279

 

 

$

 

 

$

 

 

$

191,279

 

Money market fund

 

 

151,813

 

 

 

 

 

 

 

 

 

151,813

 

Total cash and cash equivalents

 

$

343,092

 

 

$

 

 

$

 

 

$

343,092

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

16,015

 

 

$

40

 

 

$

 

 

$

16,055

 

Corporate bonds

 

 

36,034

 

 

 

67

 

 

 

 

 

 

36,101

 

Total short-term investments

 

$

52,049

 

 

$

107

 

 

$

 

 

$

52,156

 

 

 

 

December 31, 2019

 

 

 

Amortized

Cost

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

111,319

 

 

$

 

 

$

 

 

$

111,319

 

U.S. Treasury securities

 

 

29,981

 

 

 

 

 

 

 

 

 

29,981

 

Money market fund

 

 

5,399

 

 

 

 

 

 

 

 

 

5,399

 

Corporate bonds

 

 

3,749

 

 

 

 

 

 

 

 

 

3,749

 

Agency bonds

 

 

2,000

 

 

 

 

 

 

 

 

 

2,000

 

Commercial paper

 

 

1,998

 

 

 

 

 

 

 

 

 

1,998

 

Total cash and cash equivalents

 

$

154,446

 

 

$

 

 

$

 

 

$

154,446

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

151,857

 

 

$

13

 

 

$

 

 

$

151,870

 

Corporate bonds

 

 

38,149

 

 

 

 

 

 

(5

)

 

 

38,144

 

Agency bonds

 

 

11,028

 

 

 

 

 

 

(2

)

 

 

11,026

 

Commercial paper

 

 

7,770

 

 

 

1

 

 

 

 

 

 

7,771

 

Total short-term investments

 

$

208,804

 

 

$

14

 

 

$

(7

)

 

$

208,811

 

 

As of September 30, 2020 and December 31, 2019, the contractual maturity for the short-term investments is less than one year. For the three and nine months ended September 30, 2020 and 2019, the Company recognized no material realized gains or losses on short-term investments.