Annual report pursuant to Section 13 and 15(d)

Short-term Investments

v3.19.1
Short-term Investments
12 Months Ended
Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]  
Short-term Investments

3.

Short-term Investments

The following table summarizes the held-to-maturity securities held at December 31, 2018 (in thousands):

 

 

 

Amortized

Cost

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair Value

 

As of December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

11,462

 

 

$

74

 

 

$

(79

)

 

$

11,457

 

Commercial paper

 

 

11,962

 

 

 

 

 

 

 

 

 

11,962

 

Overnight repurchase agreement

 

 

9,000

 

 

 

 

 

 

 

 

 

9,000

 

Total short-term investments

 

$

32,424

 

 

$

74

 

 

$

(79

)

 

$

32,419

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

As of December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

 

14,946

 

 

 

14

 

 

 

(15

)

 

 

14,945

 

Commercial paper

 

 

8,772

 

 

 

 

 

 

 

 

 

8,772

 

Overnight repurchase agreement

 

 

9,000

 

 

 

 

 

 

 

 

 

9,000

 

Total short-term investments

 

$

32,718

 

 

 

14

 

 

 

(15

)

 

$

32,717

 

 

As of December 31, 2018, the Company has $32.7 million of held-to-maturity investments with contractual maturities less than one year.  The gross unrealized gains and losses for the Company's commercial paper and overnight repurchase agreement are not significant.  The Company carries short-term investments at amortized cost. The fair value of the short-term investments is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets.