Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements

v3.20.4
Fair Value Measurements
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following tables present the financial instruments that were measured at fair value on a recurring basis at December 31, 2020 and 2019 by level within the fair value hierarchy (in thousands): 
  December 31, 2020
Level 1 Level 2 Level 3 Total
Money market funds $ 127,567  $ —  $ —  $ 127,567 
Non-marketable debt securities $ —  $ —  $ 1,000  $ 1,000 
Total $ 127,567  $ —  $ 1,000  $ 128,567 

 
December 31, 2019
Level 1
Level 2
Level 3
Total
Money market funds $ 71,248  $ —  $ —  $ 71,248 

There were no investments in non-marketable debt and equity securities at December 31, 2019.
The fair value of non-marketable securities remeasured due to impairment would be classified within level 3.
During the year ended December 31, 2020, we did not recognize any significant other-than-temporary impairment losses. After the adoption of ASU 2016-13, we did not recognize any significant credit losses.