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Short-term Investments (Tables)
6 Months Ended
Jun. 30, 2020
Short Term Investments [Abstract]  
Summary of Short-term Investments

The following is a summary of our short-term investments (in thousands):

 

 

 

June 30, 2020

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

U.S. treasury bills and government agency obligations

 

$

100,309

 

 

$

560

 

 

$

 

 

$

100,869

 

U.S. corporate debt securities

 

 

44,861

 

 

 

231

 

 

 

 

 

 

45,092

 

Foreign corporate debt securities

 

 

23,574

 

 

 

162

 

 

 

 

 

 

23,736

 

U.S. commercial paper

 

 

18,968

 

 

 

 

 

 

 

 

 

18,968

 

Foreign commercial paper

 

 

31,449

 

 

 

 

 

 

 

 

 

31,449

 

Total

 

$

219,161

 

 

$

953

 

 

$

 

 

$

220,114

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Estimated

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Fair Value

 

U.S. treasury bills and government agency obligations

 

$

140,567

 

 

$

59

 

 

$

 

 

$

140,626

 

U.S. corporate debt securities

 

 

80,159

 

 

 

11

 

 

 

 

 

 

80,170

 

Foreign corporate debt securities

 

 

23,188

 

 

 

15

 

 

 

 

 

 

23,203

 

U.S. commercial paper

 

 

32,801

 

 

 

 

 

 

 

 

 

32,801

 

Foreign commercial paper

 

 

42,274

 

 

 

 

 

 

 

 

 

42,274

 

Total

 

$

318,989

 

 

$

85

 

 

$

 

 

$

319,074