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Short-Term Investments (Tables)
3 Months Ended
Mar. 31, 2021
Cash And Cash Equivalents [Abstract]  
Summary of Short-Term Investments

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

 

 

 

As of March 31, 2021

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

Amortized Cost

 

 

Gains

 

 

Losses

 

 

Estimated Fair Value

 

Commercial paper

 

$

27,387

 

 

$

 

 

$

 

 

$

27,387

 

Corporate debt securities

 

 

16,472

 

 

 

 

 

 

(5

)

 

 

16,467

 

U.S. government and agency securities

 

 

21,141

 

 

 

5

 

 

 

 

 

 

21,146

 

Total short-term investments

 

$

65,000

 

 

$

5

 

 

$

(5

)

 

$

65,000

 

 

 

 

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

 

Summary of Maturities of Short-Term Investments The following table summarizes the maturities of the Company’s short-term investments at March 31, 2021:

 

 

Amortized Cost

 

 

Estimated Fair Value

 

Due in one year or less

 

$

55,696

 

 

$

55,693

 

Due after one year through two years

 

 

9,304

 

 

 

9,307

 

Total short-term investments

 

$

65,000

 

 

$

65,000