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Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2020
Cash And Cash Equivalents [Abstract]  
Summary of Short-Term Investments

The following tables summarize short-term investments (in thousands):

 

 

 

As of December 31, 2020

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

Amortized

Cost

 

 

Gains

 

 

Losses

 

 

Estimated

Fair

Value

 

Commercial paper

 

$

27,136

 

 

$

 

 

$

 

 

$

27,136

 

Corporate debt securities

 

 

26,510

 

 

 

 

 

 

(4

)

 

 

26,506

 

U.S. government and agency securities

 

 

18,136

 

 

 

5

 

 

 

 

 

 

18,141

 

Total short-term investments

 

$

71,782

 

 

$

5

 

 

$

(4

)

 

$

71,783

 

 

 

 

As of December 31, 2019

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

Amortized

Cost

 

 

Gains

 

 

Losses

 

 

Estimated

Fair

Value

 

Commercial paper

 

$

9,680

 

 

$

14

 

 

$

 

 

$

9,694

 

Corporate debt securities

 

 

24,762

 

 

 

20

 

 

 

(1

)

 

 

24,781

 

Asset backed securities

 

 

5,500

 

 

 

8

 

 

 

 

 

 

5,508

 

Total short-term investments

 

$

39,942

 

 

$

42

 

 

$

(1

)

 

$

39,983

 

Summary of Maturities of Short-Term Investments

The following table summarizes the maturities of the Company’s short-term investments at December 31, 2020 (in thousands):

 

 

 

Amortized

Cost

 

 

Estimated

Fair

Value

 

Due in one year or less

 

$

57,185

 

 

$

57,182

 

Due after one year through two years

 

 

14,597

 

 

 

14,601

 

Total short-term investments

 

$

71,782

 

 

$

71,783