| Schedule of Cash Equivalents and Investments |
The following table presents the cash equivalents and investments carried at fair value in accordance with the hierarchy defined in Note 2 at December 31, 2019 and 2018 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
Quoted prices in active markets (Level 1) |
Significant other observable inputs (Level 2) |
Significant unobservable inputs
(Level 3)
|
December 31, 2019 |
|
|
|
|
Money market funds, included in cash equivalents |
$ |
47,384 |
|
$ |
47,384 |
|
$ |
— |
|
$ |
— |
|
Investments - US treasuries |
5,300 |
|
5,300 |
|
— |
|
— |
|
Investments - Asset-backed securities |
7,950 |
|
— |
|
7,950 |
|
— |
|
Investments - Corporate bonds |
28,644 |
|
— |
|
28,644 |
|
— |
|
Total |
$ |
89,278 |
|
$ |
52,684 |
|
$ |
36,594 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
Quoted prices in active markets (Level 1) |
Significant other observable inputs (Level 2) |
Significant unobservable inputs
(Level 3)
|
December 31, 2018 |
|
|
|
|
Money market funds, included in cash equivalents |
$ |
7,791 |
|
$ |
7,791 |
|
$ |
— |
|
$ |
— |
|
Corporate bonds, included in cash equivalents |
10,910 |
|
— |
|
10,910 |
|
— |
|
Investments - US treasuries |
7,518 |
|
7,518 |
|
— |
|
— |
|
Investments - Asset-backed securities |
5,758 |
|
— |
|
5,758 |
|
— |
|
Investments - Corporate bonds |
39,964 |
|
— |
|
39,964 |
|
— |
|
Total |
$ |
71,941 |
|
$ |
15,309 |
|
$ |
56,632 |
|
$ |
— |
|
nvestments at December 31, 2019 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contractual maturity
(in days) |
Amortized Cost |
Unrealized gains |
Unrealized losses |
Fair Value |
Investments |
|
|
|
|
|
US treasuries |
46-182 |
$ |
5,293 |
|
$ |
25 |
|
$ |
(18 |
) |
$ |
5,300 |
|
Asset-backed securities |
49-106 |
7,962 |
|
12 |
|
(24 |
) |
7,950 |
|
Corporate bonds |
2-204 |
28,709 |
|
20 |
|
(85 |
) |
28,644 |
|
Total |
|
$ |
41,964 |
|
$ |
57 |
|
$ |
(127 |
) |
$ |
41,894 |
|
Investments at December 31, 2018 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contractual maturity
(in days) |
Amortized Cost |
Unrealized gains |
Unrealized losses |
Fair Value |
Investments |
|
|
|
|
|
US treasuries |
150-164 |
$ |
7,541 |
|
$ |
— |
|
$ |
(23 |
) |
$ |
7,518 |
|
Asset-backed securities |
196-259 |
5,766 |
|
1 |
|
(9 |
) |
5,758 |
|
Corporate bonds |
73-252 |
40,072 |
|
3 |
|
(111 |
) |
39,964 |
|
Total |
|
$ |
53,379 |
|
$ |
4 |
|
$ |
(143 |
) |
$ |
53,240 |
|
|