Quarterly report pursuant to Section 13 or 15(d)

Available-for-Sale Securities (Tables)

v3.21.2
Available-for-Sale Securities (Tables)
6 Months Ended
Jun. 30, 2021
Investments Debt And Equity Securities [Abstract]  
Summary of Available-For-Sale Securities Recorded in Cash and Cash Equivalents or Marketable Securities

The following table is a summary of available-for-sale securities recorded in cash and cash equivalents or marketable securities in the Company’s condensed consolidated balance sheets (in thousands):

 

 

 

June 30, 2021

 

Financial Assets

 

Amortized Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

Money market funds

 

$

23,873

 

 

$

 

 

$

 

 

$

23,873

 

U.S. Treasury securities

 

 

68,124

 

 

 

9

 

 

 

 

 

 

68,133

 

Commercial paper

 

 

18,724

 

 

 

5

 

 

 

 

 

 

18,729

 

Corporate debt securities

 

 

15,730

 

 

 

2

 

 

 

(1

)

 

 

15,731

 

Total

 

$

126,451

 

 

$

16

 

 

$

(1

)

 

$

126,466

 

 

 

 

December 31, 2020

 

Financial Assets

 

Amortized Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

Money market funds

 

$

19,347

 

 

$

 

 

$

 

 

$

19,347

 

U.S. Treasury securities

 

 

107,703

 

 

 

10

 

 

 

(5

)

 

 

107,708

 

Commercial paper

 

 

998

 

 

 

2

 

 

 

 

 

 

1,000

 

Corporate debt securities

 

 

10,509

 

 

 

3

 

 

 

(1

)

 

 

10,511

 

Total

 

$

138,557

 

 

$

15

 

 

$

(6

)

 

$

138,566

 

Summary of Gross Unrealized Losses and Fair Value by Major Security Type for Available-For-Sale Securities in Unrealized Loss Position

The following table displays additional information regarding gross unrealized losses and fair value by major security type for available-for-sale securities in an unrealized loss position as of June 30, 2021 and December 31, 2020 (in thousands):

 

 

 

June 30, 2021

 

 

December 31, 2020

 

 

 

Less than 12 consecutive months

 

 

Less than 12 consecutive months

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

Corporate debt securities

 

$

7,013

 

 

$

(1

)

 

$

9,006

 

 

$

(1

)

U.S. Treasury securities

 

 

 

 

 

 

 

 

43,202

 

 

 

(5

)

Total

 

$

7,013

 

 

$

(1

)

 

$

52,208

 

 

$

(6

)

Summary of Amortized Cost and Estimated Fair Value of Available-for-sale Securities by Contractual Maturity

As of June 30, 2021, the amortized cost and estimated fair value of the Company’s available-for-sale securities by contractual maturity are shown below (in thousands):

 

 

 

Amortized

 

 

Estimated

 

Available-for-sale securities maturing:

 

Cost

 

 

Fair Value

 

In one year or less

 

$

126,451

 

 

$

126,466

 

Total available-for-sale securities

 

$

126,451

 

 

$

126,466