Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
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:

 

 

 

September 30, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

10,416

 

 

$

10,416

 

 

$

–

 

 

$

–

 

Commercial paper

 

 

19,399

 

 

 

–

 

 

 

19,399

 

 

 

–

 

Corporate debt securities

 

 

65,024

 

 

 

–

 

 

 

65,024

 

 

 

–

 

Asset-backed securities

 

 

27,043

 

 

 

–

 

 

 

27,043

 

 

 

–

 

U.S. government agency securities

 

 

26,966

 

 

 

–

 

 

 

26,966

 

 

 

–

 

Total

 

$

148,848

 

 

$

10,416

 

 

$

138,432

 

 

$

–

 

 

 

 

December 31, 2018

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

116,202

 

 

$

116,202

 

 

$

–

 

 

$

–

 

Commercial paper

 

 

26,625

 

 

 

–

 

 

 

26,625

 

 

 

–

 

Corporate debt securities

 

 

11,774

 

 

 

–

 

 

 

11,774

 

 

 

–

 

Asset-backed securities

 

 

16,899

 

 

 

–

 

 

 

16,899

 

 

 

–

 

U.S. government agency securities

 

 

23,896

 

 

 

–

 

 

 

23,896

 

 

 

–

 

Total

 

$

195,396

 

 

$

116,202

 

 

$

79,194

 

 

$

–