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Investments (Tables)
6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments, Classified as Available-for-Sale

The following tables summarize our investments in debt securities, classified as available-for-sale (in thousands):

 

 

 

As of June 30, 2022

 

 

 

Amortized
Cost

 

 

Total
Unrealized
Gains

 

 

Total
Unrealized
Loss

 

 

Aggregate Fair Value

 

Short-term:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

21,117

 

 

$

 

 

$

(79

)

 

$

21,038

 

Commercial paper

 

 

38,704

 

 

 

 

 

 

(83

)

 

 

38,621

 

U.S. government and agency securities

 

 

28,963

 

 

 

 

 

 

(24

)

 

 

28,939

 

Total

 

$

88,784

 

 

$

 

 

$

(186

)

 

$

88,598

 

 

 

 

 

As of December 31, 2021

 

 

 

Amortized
Cost

 

 

Total
Unrealized
Gains

 

 

Total
Unrealized
Loss

 

 

Aggregate Fair Value

 

Short-term:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

24,272

 

 

$

3

 

 

$

(6

)

 

$

24,269

 

Commercial paper

 

 

12,998

 

 

 

 

 

 

(3

)

 

 

12,995

 

U.S. government and agency securities

 

 

891

 

 

 

1

 

 

 

 

 

 

892

 

Total

 

$

38,161

 

 

$

4

 

 

$

(9

)

 

$

38,156

 

Debt Securities Available-For-Sale The following tables summarize our available-for-sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

 

 

 

As of June 30, 2022

 

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

Corporate debt securities

 

$

19,043

 

 

$

(79

)

 

$

 

 

$

 

 

$

19,043

 

 

$

(79

)

Commercial paper

 

 

38,621

 

 

 

(83

)

 

 

 

 

 

 

 

 

38,621

 

 

 

(83

)

U.S. government and agency securities

 

 

28,939

 

 

 

(24

)

 

 

 

 

 

 

 

 

28,939

 

 

 

(24

)

Total

 

$

86,603

 

 

$

(186

)

 

$

 

 

$

 

 

$

86,603

 

 

$

(186

)

 

 

 

As of December 31, 2021

 

 

 

Less than 12 Months

 

 

12 Months or Longer

 

 

Total

 

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

 

Aggregate Related Fair Value

 

 

Unrealized
Losses

 

Corporate debt securities

 

$

16,655

 

 

$

(6

)

 

$

 

 

$

 

 

$

16,655

 

 

$

(6

)

Commercial paper

 

 

9,995

 

 

 

(3

)

 

 

 

 

 

 

 

 

9,995

 

 

 

(3

)

Total

 

$

26,650

 

 

$

(9

)

 

$

 

 

$

 

 

$

26,650

 

 

$

(9

)