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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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
SEPTEMBER 30, 2022
(in thousands)LEVEL 1LEVEL 2LEVEL 3TOTAL
Cash and cash equivalents:
Cash and cash equivalents$54,093 $— $— $54,093 
Total cash and cash equivalents:$54,093 $— $— $54,093 
Investments:
Certificates of deposit$— $1,499 $— $1,499 
Commercial paper— 48,923 — 48,923 
Corporate bonds— 20,999 — 20,999 
U.S. Government and government agencies— 46,950 — 46,950 
Total investments$— $118,371 $— $118,371 
Total cash, cash equivalents, and investments:$54,093 $118,371 $— $172,464 
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