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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value, Nonrecurring [Member]  
Schedule of Financial Instruments and the Related Fair Value Hierarchy of the Valuation Techniques Utilized

The following table presents the fair value of financial instruments recorded originally at amortized cost or fair value and not remeasured on a recurring basis (in thousands):

 

 

June 30, 2022

 

Balance Sheet Classification

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

Money market funds

$

549,895

 

 

$

 

 

$

 

 

$

549,895

 

Total Financial Assets

 

$

549,895

 

 

$

 

 

$

 

 

$

549,895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

Balance Sheet Classification

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

Money market funds

$

598,833

 

 

$

 

 

$

 

 

$

598,833

 

Total Financial Assets

 

$

598,833

 

 

$

 

 

$

 

 

$

598,833

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value, Recurring [Member]  
Schedule of Financial Instruments and the Related Fair Value Hierarchy of the Valuation Techniques Utilized

The following table presents the fair value of financial instruments recorded at fair value at inception and remeasured on a recurring basis (in thousands):

 

 

 

June 30, 2022

 

Balance Sheet Classification

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

US government obligations

$

248,307

 

 

 

 

 

 

 

 

$

248,307

 

Total Financial Assets

 

$

248,307

 

 

$

 

 

$

 

 

$

248,307

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

Balance Sheet Classification

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

US government obligations

$

60,358

 

 

$

 

 

$

 

 

$

60,358

 

Total Financial Assets

 

$

60,358

 

 

$

 

 

$

 

 

$

60,358