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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2022 (in thousands):

 

 

 

 

 

 

Fair Value Measurements, Using

 

 

 

Total Carrying Value
as of June 30,
 2022

 

 

Quoted Prices in
Active Markets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Unobservable
Inputs
(Level 3)

 

Cash equivalents

 

$

39,661

 

 

$

39,661

 

 

$

 

 

$

 

Short-term investments

 

 

439,449

 

 

 

439,449

 

 

 

 

 

 

 

Long-term U.S. Government bonds investments

 

 

179,570

 

 

 

179,570

 

 

 

 

 

 

 

Convertible notes

 

 

4,000

 

 

 

 

 

 

 

 

 

4,000

 

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2021 (in thousands):

 

 

 

 

 

 

Fair Value Measurements, Using

 

 

 

Total Carrying Value
as of December 31,
 2021

 

 

Quoted Prices in
Active Markets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Unobservable
Inputs
(Level 3)

 

Cash equivalents

 

$

55,115

 

 

$

55,115

 

 

$

 

 

$

 

Short-term investments

 

 

351,194

 

 

 

351,194

 

 

 

 

 

 

 

Long-term U.S. Government bonds investments

 

 

159,568

 

 

 

159,568