Cash, Cash Equivalents and Investments

6 Months Ended

Jun. 30, 2019

Cash, Cash Equivalents and Investments [Abstract]

NOTE 3. CASH, CASH EQUIVALENTS AND INVESTMENTS

The following tables summarize our cash, cash equivalents and investments as of June 30, 2019 and December 31, 2018 (in thousands):



	As of June 30, 2019
			Gross		Gross
	Amortized		unrealized		unrealized		Fair
	Cost		gains		losses		Value
Cash and cash equivalents:
Cash and money market funds	$	17,124	$	—	$	—	$	17,124
Commercial paper		10,388		—		(2)		10,386
U.S. Treasury securities		2,848		—		—		2,848
Total cash and cash equivalents		30,360		—		(2)		30,358
Investments:
Commercial paper		29,590		4		(2)		29,592
Corporate debt securities		5,481		16		—		5,497
US government & agency securities		1,396		1		—		1,397
Total investments		36,467		21		(2)		36,486
Total cash, cash equivalents and investments	$	66,827	$	21	$	(4)	$	66,844
Long-term restricted cash:
Certified deposits	$	4,000	$	—	$	—	$	4,000


	As of December 31, 2018
			Gross		Gross
	Amortized		unrealized		unrealized		Fair
	Cost		gains		losses		Value
Cash and cash equivalents:
Cash and money market funds	$	18,844	$	—	$	—	$	18,844
Total cash and cash equivalents		18,844		—		—		18,844
Investments:
Commercial paper		53,493		—		(24)		53,469
Corporate debt securities		10,223		3		(12)		10,214
US government & agency securities		19,830		—		(3)		19,827
Total investments		83,546		3		(39)		83,510
Total cash, cash equivalents and investments	$	102,390	$	3	$	(39)	$	102,354
Long-term restricted cash:
Certified deposits	$	4,500	$	—	$	—	$	4,500

The following table summarizes the contractual maturities of our cash equivalents and available-for-sale investments, excluding money market funds, as of June 30, 2019:



(in thousands)	Fair Value
Due in one year or less	$	49,720
Total investments	$	49,720

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties.