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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Measurements  
Schedule of fair value of financial assets

The following table presents the fair value of the Company’s financial assets determined using the inputs defined above (in thousands).

December 31, 2020

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Money market funds

$

27,481

$

$

 

$

27,481

Commercial paper

 

 

65,863

 

 

 

65,863

Corporate debt securities

 

 

27,590

 

 

 

27,590

U.S. Treasury and agency securities

 

 

183,210

  

 

 

 

183,210

Total financial assets

$

27,481

$

276,663

  

$

 

$

304,144

December 31, 2019

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Money market funds

$

12,964

$

$

 

$

12,964

Commercial paper

 

 

44,282

 

 

 

44,282

Corporate debt securities

 

 

33,662

  

 

 

 

33,662

U.S. Treasury and agency securities

 

 

40,810

  

 

 

 

40,810

Total financial assets

$

12,964

$

118,754

  

$

 

$

131,718