Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021
(in thousands)	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Cash and cash equivalents:
Cash and cash equivalents	$	122,695					$	122,695
Total cash and cash equivalents:	$	122,695	$	—	$	—	$	122,695
Investments:
Commercial paper			$	42,902			42,902
Corporate bonds			42,607				42,607
Total investments	$	—	$	85,509	$	—	$	85,509
Total cash, cash equivalents and investments:	$	122,695	$	85,509	$	—	$	208,204

	FAIR VALUE MEASUREMENTS AS OF
	DECEMBER 31, 2020
(in thousands)	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Cash and cash equivalents:
Cash and cash equivalents	$	151,570	$	—	$	—	$	151,570
Total cash and cash equivalents:	$	151,570	$	—	$	—	$	151,570
Investments:
Commercial paper	$	—	$	44,104	$	—	$	44,104
Corporate bonds	—		44,690		—		44,690
Total investments	$	—	$	88,794	$	—	$	88,794
Total cash, cash equivalents and investments:	$	151,570	$	88,794	$	—	$	240,364