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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of cash equivalents, restricted cash and marketable securities by security type | Cash equivalents, restricted cash and marketable securities by security type at June 30, 2020 were as follows:
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Included in cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 12,629 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,629 |
Commercial paper |  |  | 7,995 |  |  |  | 4 |  |  |  | — |  |  |  | 7,999 |
|  | $ | 20,624 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 20,628 |
Restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund |  | $ | 92 |  |  | $ | — |  |  | $ | — |  |  | $ | 92 |
Certificate of deposit |  |  | 271 |  |  |  | — |  |  |  | — |  |  |  | 271 |
|  | $ | 363 |  |  | $ | — |  |  | $ | — |  |  | $ | 363 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprise securities (due in less than one year) |  | $ | 3,002 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 3,009 |
Government-sponsored enterprise securities (due in one to two years) |  |  | 6,501 |  |  |  | — |  |  |  | (1 | ) |  |  | 6,500 |
Commercial paper (due in less than one year) |  |  | 97,225 |  |  |  | 49 |  |  |  | (31 | ) |  |  | 97,243 |
Corporate notes (due in less than one year) |  |  | 95,449 |  |  |  | 198 |  |  |  | (18 | ) |  |  | 95,629 |
Corporate notes (due in one to two years) |  |  | 39,742 |  |  |  | 4 |  |  |  | (23 | ) |  |  | 39,723 |
|  | $ | 241,919 |  |  | $ | 258 |  |  | $ | (73 | ) |  | $ | 242,104 |
Cash equivalents, restricted cash and marketable securities by security type at December 31, 2019 were as follows:
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Estimated |
(In thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
Included in cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 6,671 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,671 |
Commercial paper |  |  | 3,990 |  |  |  | — |  |  |  | — |  |  |  | 3,990 |
|  | $ | 10,661 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,661 |
Restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificate of deposit |  | $ | 270 |  |  | $ | — |  |  | $ | — |  |  | $ | 270 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprise securities (due in less than one year) |  | $ | 6,506 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 6,512 |
Government-sponsored enterprise securities (due in one to two years) |  |  | 6,999 |  |  |  | 1 |  |  |  | — |  |  |  | 7,000 |
Commercial paper (due in less than one year) |  |  | 40,110 |  |  |  | 33 |  |  |  | (3 | ) |  |  | 40,140 |
Corporate notes (due in less than one year) |  |  | 78,926 |  |  |  | 116 |  |  |  | (13 | ) |  |  | 79,029 |
Corporate notes (due in one to two years) |  |  | 12,659 |  |  |  | 1 |  |  |  | (9 | ) |  |  | 12,651 |
|  | $ | 145,200 |  |  | $ | 157 |  |  | $ | (25 | ) |  | $ | 145,332 |
Schedule of cash equivalents and marketable securities with unrealized losses | Cash equivalents and marketable securities with unrealized losses that have been in a continuous unrealized loss position for less than 12 months and 12 months or longer at June 30, 2020 and December 31, 2019 were as follows:
|  | Less Than 12 Months |  |  | 12 Months or Longer |  |  | Total |
|  |  |  |  |  | Gross |  |  |  |  |  |  | Gross |  |  |  |  |  |  | Gross |
|  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |
(In thousands) |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |  |  | Fair Value |  |  | Losses |
As of June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprise securities (due in one to two years) |  | $ | 6,500 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | — |  |  | $ | 6,500 |  |  | $ | (1 | )
Commercial paper (due in less than one year) |  |  | 51,103 |  |  |  | (31 | ) |  |  | — |  |  |  | — |  |  |  | 51,103 |  |  |  | (31 | )
Corporate notes (due in less than one year) |  |  | 38,362 |  |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | 38,362 |  |  |  | (18 | )
Corporate notes (due in one to two years) |  |  | 31,320 |  |  |  | (23 | ) |  |  | — |  |  |  | — |  |  |  | 31,320 |  |  |  | (23 | )
|  | $ | 127,285 |  |  | $ | (73 | ) |  | $ | — |  |  | $ | — |  |  | $ | 127,285 |  |  | $ | (73 | )
As of December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper (due in less than one year) |  | $ | 8,571 |  |  | $ | (3 | ) |  | $ | — |  |  | $ | — |  |  | $ | 8,571 |  |  | $ | (3 | )
Corporate notes (due in less than one year) |  |  | 26,082 |  |  |  | (13 | ) |  |  | — |  |  |  | — |  |  |  | 26,082 |  |  |  | (13 | )
Corporate notes (due in one to two years) |  |  | 11,624 |  |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | 11,624 |  |  |  | (9 | )
|  | $ | 46,277 |  |  | $ | (25 | ) |  | $ | — |  |  | $ | — |  |  | $ | 46,277 |  |  | $ | (25 | )
Schedule of financial instruments measured at fair value on recurring basis | The following table presents information about our financial instruments that are measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 and indicates the fair value category assigned.
|  | Fair Value Measurements at Reporting Date Using |
|  | Quoted Prices in |  |  |  |  |  |  | Significant |  |  |  |  |
|  | Active Markets for |  |  | Significant Other |  |  | Unobservable |  |  |  |  |
|  | Identical Assets |  |  | Observable Inputs |  |  | Inputs |  |  |  |  |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
As of June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds(1) |  | $ | 12,629 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,629 |
Government-sponsored enterprise securities(2)(3) |  |  | — |  |  |  | 9,509 |  |  |  | — |  |  |  | 9,509 |
Commercial paper(1)(2) |  |  | — |  |  |  | 105,242 |  |  |  | — |  |  |  | 105,242 |
Corporate notes(2)(3) |  |  | — |  |  |  | 135,352 |  |  |  | — |  |  |  | 135,352 |
Equity investment(4) |  |  | — |  |  |  | 668 |  |  |  | — |  |  |  | 668 |
Total |  | $ | 12,629 |  |  | $ | 250,771 |  |  | $ | — |  |  | $ | 263,400 |
As of December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds(1) |  | $ | 6,671 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,671 |
Government-sponsored enterprise securities (2)(3) |  |  | — |  |  |  | 13,512 |  |  |  | — |  |  |  | 13,512 |
Commercial paper(1)(2) |  |  | — |  |  |  | 44,130 |  |  |  | — |  |  |  | 44,130 |
Corporate notes(2)(3) |  |  | — |  |  |  | 91,680 |  |  |  | — |  |  |  | 91,680 |
Equity investment(4) |  |  | — |  |  |  | 389 |  |  |  | — |  |  |  | 389 |
Total |  | $ | 6,671 |  |  | $ | 149,711 |  |  | $ | — |  |  | $ | 156,382 |
(1) | Included in cash and cash equivalents on our condensed balance sheets.
(2) | Included in current portion of marketable securities on our condensed balance sheets.
(3) | Included in noncurrent portion of marketable securities on our condensed balance sheets.
(4) | Included in deposits and other assets on our condensed balance sheets. See “Equity Investment” in this Note 2 for further discussion of this equity investment.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -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 + Details
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