Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2021 and December 31, 2020 by level within the fair value hierarchy (in thousands):

 

	As of September 30, 2021
	(unaudited)								As of December 31, 2020
	Level I		Level II		Level III		Fair Value		Level I		Level II		Level III		Fair Value
Financial assets:
Cash equivalents:
Money market funds	406,887		—		—		406,887		10,712		—		—		10,712
Marketable securities:
US Treasury securities	8,010		—		—		8,010		34,117		—		—		34,117
Prepaid expenses and other current assets:
Forward foreign exchange contracts	—		2,306		—		2,306		—		3,332		—		3,332
Long-term other assets:
Forward foreign exchange contracts	—		348		—		348		—		—		—		—
Total financial assets	$	414,897	$	2,654	$	—	$	417,551	$	44,829	$	3,332	$	—	$	48,161