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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s assets and liabilities that were measured at fair value as of June 30, 2021 and December 31, 2020 by level within the fair value hierarchy (in thousands):
 
As of June 30, 2021
 (unaudited)As of December 31, 2020
 Level ILevel
II
Level IIIFair
Value
Level ILevel
II
Level IIIFair
Value
Financial assets:
Cash equivalents:
Money market funds74,826 — — 74,826 10,712 — — 10,712 
Marketable securities:
US Treasury securities20,035 — — 20,035 34,117 — — 34,117 
Prepaid expenses and other current assets:
Forward foreign exchange contracts— 958 — 958 — 3,332 — 3,332 
Total financial assets$94,861 $958 $— $95,819 $44,829 $3,332 $— $48,161