| Schedule of Cash Equivalents and Investments Carried at Fair Value |
The following table presents the cash equivalents and investments carried at fair value in accordance with the hierarchy defined in Note 2 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
Quoted prices in active markets (Level 1) |
Significant other observable inputs (Level 2) |
Significant unobservable inputs
(Level 3)
|
September 30, 2019 |
|
|
|
|
Money market funds, included in cash equivalents |
$ |
14,525 |
|
$ |
14,525 |
|
$ |
— |
|
$ |
— |
|
Investments - U.S. treasuries |
3,699 |
|
3,699 |
|
— |
|
— |
|
Investments - Asset-backed securities |
8,444 |
|
— |
|
8,444 |
|
— |
|
Investments - Corporate bonds |
28,032 |
|
— |
|
28,032 |
|
— |
|
Total |
$ |
54,700 |
|
$ |
18,224 |
|
$ |
36,476 |
|
$ |
— |
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
Money market funds, included in cash equivalents |
$ |
7,791 |
|
$ |
7,791 |
|
$ |
— |
|
$ |
— |
|
Corporate bonds, included in cash equivalents |
10,910 |
|
— |
|
10,910 |
|
— |
|
Investments - U.S. treasuries |
7,518 |
|
7,518 |
|
— |
|
— |
|
Investments - Asset-backed securities |
5,758 |
|
— |
|
5,758 |
|
— |
|
Investments - Corporate bonds |
39,964 |
|
— |
|
39,964 |
|
— |
|
Total |
$ |
71,941 |
|
$ |
15,309 |
|
$ |
56,632 |
|
$ |
— |
|
|
| Schedule of Cash Equivalents and Investments |
Investments at September 30, 2019 consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contractual maturity
(in days) |
Amortized Cost |
Unrealized gains |
Unrealized losses |
Fair Value |
Investments |
|
|
|
|
|
U.S. treasuries |
138-167 |
$ |
3,631 |
|
$ |
68 |
|
$ |
— |
|
$ |
3,699 |
|
Asset-backed securities |
46-198 |
8,374 |
|
70 |
|
— |
|
8,444 |
|
Corporate bonds |
7-270 |
27,842 |
|
190 |
|
— |
|
28,032 |
|
Total |
|
$ |
39,847 |
|
$ |
328 |
|
$ |
— |
|
$ |
40,175 |
|
|