Cash, Cash Equivalents and Investments

6 Months Ended

Jun. 30, 2020

Cash, Cash Equivalents and Investments [Abstract]

NOTE 4. CASH, CASH EQUIVALENTS AND INVESTMENTS

The following tables summarize our cash, cash equivalents and investments as of June 30, 2020 and December 31, 2019 (in thousands):



	As of June 30, 2020
			Gross		Gross
	Amortized		unrealized		unrealized		Fair
	Cost		gains		losses		Value
Cash and cash equivalents:
Cash and money market funds	$	33,294	$	—	$	—	$	33,294
Commercial paper		10,048		—		—		10,048
Total cash and cash equivalents		43,342		—		—		43,342
Investments:
Commercial paper		51,892		37		—		51,929
Corporate debt securities		14,483		179		—		14,662
US government & agency securities		10,003		27		—		10,030
Total investments		76,378		243		—		76,621
Total cash, cash equivalents and investments	$	119,720	$	243	$	—	$	119,963
Long-term restricted cash:
Cash	$	3,500	$	—	$	—	$	3,500


	As of December 31, 2019
			Gross		Gross
	Amortized		unrealized		unrealized		Fair
	Cost		gains		losses		Value
Cash and cash equivalents:
Cash and money market funds	$	18,644	$	—	$	—	$	18,644
Commercial paper		10,983		—		—		10,983
Total cash and cash equivalents		29,627		—		—		29,627
Investments:
Commercial paper		16,971		1		(1)		16,971
Corporate debt securities		2,496		5		—		2,501
Total investments		19,467		6		(1)		19,472
Total cash, cash equivalents and investments	$	49,094	$	6	$	(1)	$	49,099
Long-term restricted cash:
Cash	$	4,000	$	—	$	—	$	4,000

The following table summarizes the contractual maturities of our cash equivalents and available-for-sale investments, excluding money market funds, as of June 30, 2020 (in thousands):



	Fair Value
Due in one year or less	$	81,034
Due after one year through 5 years		5,635
Total investments	$	86,669

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