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Cash, Cash Equivalents and Short-term Investments
3 Months Ended
Mar. 31, 2021
Cash And Cash Equivalents [Abstract]  
Cash, Cash Equivalents, and Short-term Investments

Note 3. Cash, Cash Equivalents and Short-term Investments

The following tables summarize the estimated value of the Company’s cash, cash equivalents and short-term investments (in thousands):

 

 

 

March 31, 2021

 

 

 

Amortized

Cost

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

343,491

 

 

$

 

 

$

 

 

$

343,491

 

Money market funds

 

 

204,368

 

 

 

 

 

 

 

 

 

204,368

 

Total cash and cash equivalents

 

$

547,859

 

 

$

 

 

$

 

 

$

547,859

 

 

 

 

December 31, 2020

 

 

 

Amortized

Cost

 

 

Unrealized

Gain

 

 

Unrealized

Loss

 

 

Fair

Value

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

150,520

 

 

$

 

 

$

 

 

$

150,520

 

Money market funds

 

 

200,326

 

 

 

 

 

 

 

 

 

200,326

 

Total cash and cash equivalents

 

$

350,846

 

 

$

 

 

$

 

 

$

350,846

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

4,006

 

 

$

11

 

 

$

 

 

$

4,017

 

Total short-term investments

 

$

4,006

 

 

$

11

 

 

$

 

 

$

4,017

 

 

As of December 31, 2020, the contractual maturity for the short-term investments is less than one year. For the three months ended March 31, 2021 and 2020, the Company recognized no material realized gains or losses on short-term investments.