Quarterly report pursuant to Section 13 or 15(d)

Cash Equivalents

v3.20.1
Cash Equivalents
3 Months Ended
Mar. 31, 2020
Cash Equivalents and Marketable Securities [Abstract]  
Cash Equivalents Cash Equivalents
Cash equivalents at March 31, 2020 and December 31, 2019 consisted of the following (in thousands):
  March 31, 2020 December 31, 2019
  Adjusted Cost Estimated
Fair Value
Adjusted Cost Estimated Fair Value
Money market funds (1)
$ 68,460    $ 68,460    $ 71,248    $ 71,248   
(1) Money market funds are classified in cash and cash equivalents on our unaudited condensed consolidated balance sheets.
As of March 31, 2020, the total cash and cash equivalents balance of $87.3 million was comprised of money market funds of $68.5 million and cash of $18.8 million held with major financial institutions worldwide. As of December 31, 2019, the total cash and cash equivalents balance of $90.5 million was comprised of money market funds of $71.2 million and cash of $19.3 million held with major financial institutions worldwide.