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Short-term Investments (Tables)
3 Months Ended
Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of cash equivalents and short-term investments measured at fair value
The following table summarizes, by major security type, our cash equivalents and short-term investments that are measured at fair value on a recurring basis (in thousands) as of March 31, 2021:

Amortized CostUnrealized GainsUnrealized LossesFair ValueCash equivalentsShort-term Investments
(unaudited)
Money market funds$125,378 $— $— $125,378 $125,378 $— 
U.S. Treasury notes49,123 — 49,130 — 49,130 
Commercial paper57,067 — — 57,067 — 57,067 
Corporate bonds27,615 — (5)27,610 — 27,610 
Total$259,183 $$(5)$259,185 $125,378 $133,807 


The following table summarizes, by major security type, our cash equivalents and short-term investments that are measured at fair value on a recurring basis (in thousands) as of December 31, 2020:

Amortized CostUnrealized GainsUnrealized LossesFair ValueCash equivalentsShort-term Investments
Money market funds$79,387 $— $— $79,387 $79,387 $— 
US treasury notes59,382 — 59,389 — 59,389 
Commercial paper68,018 — — 68,018 — 68,018 
Corporate bonds48,494 (1)48,501 — 48,501 
Asset-backed securities3,009 — — 3,009 — 3,009 
Total$258,290 $15 $(1)$258,304 $79,387 $178,917