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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
The following tables summarize the fair value of financial assets and liabilities that are measured at fair value and the classification by level of input within the fair value hierarchy:
FAIR VALUE MEASUREMENTS AS OF
MARCH 31, 2022
(in thousands)LEVEL 1LEVEL 2LEVEL 3TOTAL
Cash and cash equivalents:
Cash and cash equivalents$56,441 $— $— $56,441 
Total cash and cash equivalents:$56,441 $— $— $56,441 
Investments:
Certificates of deposit$— $9,030 $— $9,030 
Commercial paper— 54,270 — 54,270 
Corporate bonds— 45,554 — 45,554 
U.S. Government and government agencies— 33,938 — 33,938 
Total investments$— $142,792 $— $142,792 
Total cash, cash equivalents and investments:$56,441 $142,792 $— $199,233 
FAIR VALUE MEASUREMENTS AS OF
DECEMBER 31, 2021
(in thousands)LEVEL 1LEVEL 2LEVEL 3TOTAL
Cash and cash equivalents:
Cash and cash equivalents$37,187 $— $— $37,187 
Total cash and cash equivalents:$37,187 $— $— $37,187 
Investments:
Certificates of deposit$— $9,038 $— $9,038 
Commercial paper— 50,920 — 50,920 
Corporate bonds— 42,656 — 42,656 
Total investments$— $102,614 $— $102,614 
Total cash, cash equivalents and investments:$37,187 $102,614 $— $139,801