v3.20.2

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities that have been measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

		Fair Value Measurement as of September 30, 2020
		Level 1				Level 2				Level 3				Total
Financial Assets:
Cash equivalents:
Money market funds		$	159,536			$	—			$	—			$	159,536
Commercial paper			—				10,500				—				10,500
Corporate debt securities			—				10,601				—				10,601
Marketable Securities:
Corporate debt securities			—				967,028				—				967,028
Certificates of deposit			—				34,261				—				34,261
U.S. government treasury securities			—				169,731				—				169,731
Commercial paper			—				125,240				—				125,240
Total financial assets		$	159,536			$	1,317,361			$	—			$	1,476,897

		Fair Value Measurement as of December 31, 2019
		Level 1				Level 2				Level 3				Total
Financial Assets:
Cash equivalents:
Money market funds		$	588,762			$	—			$	—			$	588,762
Marketable Securities:
Corporate debt securities			—				80,417				—				80,417
U.S. government treasury securities			—				72,473				—				72,473
Commercial paper			—				23,784				—				23,784
Total financial assets		$	588,762			$	176,674			$	—			$	765,436

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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