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Cash, Cash Equivalents and Short-Term Investments (Tables)
6 Months Ended
Jun. 30, 2019
Cash Cash Equivalents And Short Term Investments [Abstract]  
Summary of Cash and Cash Equivalents

Cash equivalents include items almost as liquid as cash, such as certificates of deposit and time deposits with maturity periods of three months or less when purchased.

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

Unaudited

 

 

Audited

 

Cash

 

$

8,896

 

 

$

9,197

 

Money market funds

 

 

171,177

 

 

 

131,425

 

Total cash and cash equivalents

 

$

180,073

 

 

$

140,622

 

Summary of Amortized Cost and Recorded Basis of T-bills in Short-Term Investments

The Company invests in marketable U.S. Treasury Bills (“T-bills”) that are classified as held-to-maturity securities. The amortized cost and recorded basis of the T-bills are presented as short-term investments.

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

Unaudited

 

 

Audited

 

Short-term investments

 

$

104,511

 

 

$

105,256