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Marketable Securities
6 Months Ended
Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

5. Marketable Securities

The marketable securities are classified as available-for-sale and consist of corporate notes and commercial paper. The fair value measurement data for marketable securities is obtained from independent pricing services. The Company validates the prices provided by the third-party pricing services by understanding the valuation methods and data sources used and analyzing the pricing data in certain instances.

The following table summarizes the marketable securities held at June 30, 2019 (in thousands):

 

 

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

Commercial paper

 

$

13,082

 

 

$

 

 

$

 

 

$

13,082

 

Corporate notes

 

 

10,040

 

 

 

12

 

 

 

 

 

 

10,052

 

Total

 

$

23,122

 

 

$

12

 

 

$

 

 

$

23,134

 

All marketable securities held at June 30, 2019 had contractual maturities of less than one year. There were no realized gains or losses recognized on the sale or maturity of available-for-sale debt securities during the six months ended June 30, 2019 and as a result, the Company did not reclassify any amounts out of accumulated comprehensive loss. There were no impairment charges related to marketable securities for the six months ended June 30, 2019.