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Marketable Securities
12 Months Ended
Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

3. Marketable Securities

As of December 31, 2019, the fair value of marketable securities by type of security was as follows (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

Description

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. government agency treasuries and securities

 

$

57,650

 

 

$

49

 

 

$

 

 

$

57,699

 

Total

 

$

57,650

 

 

$

49

 

 

$

 

 

$

57,699

 

 

As of December 31, 2018, the fair value of marketable securities by type of security was as following (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

Description

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. government agency treasuries and securities

 

$

101,027

 

 

$

4

 

 

$

(45

)

 

$

100,986

 

Total

 

$

101,027

 

 

$

4

 

 

$

(45

)

 

$

100,986

 

 

The estimated fair value and amortized cost of the Company’s available-for-sale securities by contractual maturity are summarized as follows:

 

 

 

December 31, 2019

 

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(In thousands)

 

Due in one year or less

 

$

57,650

 

 

$

57,699

 

Total

 

$

57,650

 

 

$

57,699

 

 

 

 

December 31, 2018

 

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(In thousands)

 

Due in one year or less

 

$

101,027

 

 

$

100,986

 

Total

 

$

101,027

 

 

$

100,986