Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following table sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:

 

 

 

June 30, 2020

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

63,229

 

 

$

63,229

 

 

$

–

 

 

$

–

 

Commercial paper

 

 

34,901

 

 

 

–

 

 

 

34,901

 

 

 

–

 

Corporate debt securities

 

 

61,284

 

 

 

–

 

 

 

61,284

 

 

 

–

 

Equity securities

 

 

49,094

 

 

 

–

 

 

 

49,094

 

 

 

–

 

Asset-backed securities

 

 

16,217

 

 

 

–

 

 

 

16,217

 

 

 

–

 

U.S. government agency securities

 

 

29,260

 

 

 

–

 

 

 

29,260

 

 

 

–

 

Total

 

$

253,985

 

 

$

63,229

 

 

$

190,756

 

 

$

–

 

 

 

 

December 31, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

3,151

 

 

$

3,151

 

 

$

–

 

 

$

–

 

Commercial paper

 

 

4,952

 

 

 

–

 

 

 

4,952

 

 

 

–

 

Corporate debt securities

 

 

69,499

 

 

 

–

 

 

 

69,499

 

 

 

–

 

Asset-backed securities

 

 

27,055

 

 

 

–

 

 

 

27,055

 

 

 

–

 

U.S. government agency securities

 

 

27,007

 

 

 

–

 

 

 

27,007

 

 

 

–

 

Total

 

$

131,664

 

 

$

3,151

 

 

$

128,513

 

 

$

–