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Fair Value of Financial Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of September 30, 2019 and December 31, 2018:

 

 

 

Fair Value Measurements as of September 30, 2019 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

206,121

 

 

$

 

 

$

 

 

$

206,121

 

Restricted cash

 

 

492

 

 

 

 

 

 

 

 

 

492

 

 

 

$

206,613

 

 

$

 

 

$

 

 

$

206,613

 

 

 

 

Fair Value Measurements as of December 31, 2018 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

126,047

 

 

$

 

 

$

 

 

$

126,047

 

Restricted cash

 

 

492

 

 

 

 

 

 

 

 

 

492

 

 

 

$

126,539

 

 

$

 

 

$

 

 

$

126,539