Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

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 December 31, 2022 and 2021 by level within the fair value hierarchy (in thousands):

 

	As of December 31, 2022								As of December 31, 2021
	Level I		Level II		Level III		Fair Value		Level I		Level II		Level III		Fair Value
Financial assets:
Cash equivalents:
Money market funds	$	278,022	$	—	$	—	$	278,022	$	414,942	$	—	$	—	$	414,942
Marketable securities:
US Treasury securities	158,956		—		—		158,956		—		—		—		—
Agencies	55,900		—		—		55,900		—		—		—		—
Commercial paper	—		13,679		—		13,679		—		—		—		—
Corporate bonds	—		7,803		—		7,803		—		—		—		—
Prepaid expenses and other current assets:
Forward foreign exchange contracts	—		—		—		—		—		6,083		—		6,083
Financial liabilities:
Accrued expenses and other short-term liabilities:
Forward foreign exchange contracts	—		(7,447)		—		(7,447)		—		(62)		—		(62)
Long-term other liabilities:
Forward foreign exchange contracts	—		(2,060)		—		(2,060)		—		—		—		—
Total financial assets (liabilities)	$	492,878	$	11,975	$	—	$	504,853	$	414,942	$	6,021	$	—	$	420,963