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Cash, Cash Equivalents and Investments
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Cash, Cash Equivalents and Investments

Note 4: Cash, cash equivalents and investments

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed balance sheets that sum to the total of the same amounts shown in the condensed statements of cash flows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Cash and cash equivalents

 

$

85,606

 

 

$

20,634

 

Restricted cash

 

 

 

 

 

250

 

Total cash, cash equivalents and restricted cash

 

$

85,606

 

 

$

20,884

 

 

Restricted cash as of March 31, 2019 relates to a compensating balance to secure a credit card facility. There was no restricted cash as of March 31, 2020.

The following tables categorize the fair values of cash, cash equivalents, and short-term investments measured at fair value on a recurring basis on our balance sheet (in thousands):

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

Cash

 

$

3,248

 

 

$

4,074

 

Money market funds

 

 

52,441

 

 

 

30,054

 

Repurchase agreements

 

 

21,000

 

 

 

15,000

 

Certificates of deposit

 

 

395

 

 

 

985

 

Government and agency notes

 

 

1,502

 

 

 

 

Corporate notes

 

 

7,020

 

 

 

1,101

 

Total cash and cash equivalents

 

$

85,606

 

 

$

51,214

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

1,096

 

Certificates of deposit

 

 

28,584

 

 

 

15,428

 

Corporate notes

 

 

43,540

 

 

 

24,552

 

Government and agency notes

 

 

4,686

 

 

 

7,574

 

Total short-term investments

 

$

76,810

 

 

$

48,650

 

 

 

 

 

 

 

 

 

 

Long-term investments

 

 

 

 

 

 

 

 

Corporate notes

 

$

41,256

 

 

$

13,130

 

Certificates of deposit

 

 

12,460

 

 

 

3,633

 

Government and agency notes

 

 

7,423

 

 

 

 

Total long-term investments

 

$

61,139

 

 

$

16,763