Quarterly report pursuant to Section 13 or 15(d)

Available-for-Sale Securities (Tables)

v3.20.2
Available-for-Sale Securities (Tables)
9 Months Ended
Sep. 30, 2020
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):

 

 

 

September 30, 2020

 

Financial Assets

 

Amortized Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

Money market funds

 

$

10,838

 

 

$

 

 

$

 

 

$

10,838

 

U.S. Treasury securities

 

 

96,757

 

 

 

29

 

 

 

(2

)

 

 

96,784

 

Commercial paper

 

 

21,972

 

 

 

26

 

 

 

 

 

 

21,998

 

Corporate debt securities

 

 

13,892

 

 

 

44

 

 

 

 

 

 

13,936

 

U.S. agency bonds

 

 

4,400

 

 

 

3

 

 

 

 

 

 

4,403

 

Total

 

$

147,859

 

 

$

102

 

 

$

(2

)

 

$

147,959

 

 

 

 

December 31, 2019

 

Financial Assets

 

Amortized Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

Money market funds

 

$

14,731

 

 

$

 

 

$

 

 

$

14,731

 

U.S. Treasury securities

 

 

5,285

 

 

 

1

 

 

 

(1

)

 

 

5,285

 

Commercial paper

 

 

15,174

 

 

 

12

 

 

 

 

 

 

15,186

 

Corporate debt securities

 

 

17,168

 

 

 

3

 

 

 

 

 

 

17,171

 

U.S. agency bonds

 

 

25,597

 

 

 

16

 

 

 

 

 

 

25,613

 

Total

 

$

77,955

 

 

$

32

 

 

$

(1

)

 

$

77,986

 

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 September 30, 2020 and December 31, 2019 (in thousands):

 

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

Less than 12 consecutive months

 

 

Less than 12 consecutive months

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

U.S. Treasury securities

 

$

15,282

 

 

$

(2

)

 

$

4,535

 

 

$

(1

)

Total

 

$

15,282

 

 

$

(2

)

 

$

4,535

 

 

$

(1

)

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

As of September 30, 2020, 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

 

$

147,859

 

 

$

147,959

 

Total available-for-sale securities

 

$

147,859

 

 

$

147,959