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MARKETABLE SECURITIES (Tables)
12 Months Ended
Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Summary of marketable securities
The following is a summary of our marketable securities as of December 31, 2019 and 2018 (in thousands):
 
December 31, 2019
 
 
 
Gross
 
Gross
 
Estimated
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
Description of Securities:
Cost
 
Gains
 
Losses
 
Value
Short-term investments:*
 
 
 
 
 
 
 
Corporate debt securities
$
46,186

 
$
140

 
$
(2
)
 
$
46,324

U.S. treasury and government agency securities
2,750

 

 

 
2,750

Certificates of deposit
1,500

 

 

 
1,500

Total short-term investments
50,436

 
140

 
(2
)
 
50,574

Long-term investments:**
 
 
 
 
 
 
 
Corporate debt securities
8,016

 
152

 

 
8,168

Total long-term investments
8,016

 
152

 

 
8,168

Total investments
$
58,452

 
$
292

 
$
(2
)
 
$
58,742

 
 
December 31, 2018
 
 
 
Gross
 
Gross
 
Estimated
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
Description of Securities:
Cost
 
Gains
 
Losses
 
Value
Short-term investments:*
 
 
 
 
 
 
 
Corporate debt securities
$
51,184

 
$

 
$
(236
)
 
$
50,948

U.S. treasury and government agency securities
7,647

 

 
(34
)
 
7,613

Commercial paper
3,995

 

 

 
3,995

Certificates of deposit
12,000

 

 

 
12,000

Total short-term investments
74,826

 

 
(270
)
 
74,556

Long-term investments:**
 
 
 
 
 
 
 
Corporate debt securities
62,530

 
52

 
(433
)
 
62,149

U.S. treasury and government agency securities
2,742

 

 
(32
)
 
2,710

Certificates of deposit
1,500

 

 

 
1,500

Total long-term investments
66,772

 
52

 
(465
)
 
66,359

Total investments
$
141,598

 
$
52

 
$
(735
)
 
$
140,915



* Represents marketable securities with a remaining maturity of less than one year.
** Represents marketable securities with a remaining maturity of one to three years classified as short-term on our consolidated balance sheets.