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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Company's Financial Assets Recognized at Fair Value As of June 30, 2022 and December 31, 2021, the Company’s financial assets recognized at fair value consisted of the following:

 

 

 

Fair Value as of June 30, 2022

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Cash equivalents

 

$

61,518

 

 

$

40,355

 

 

$

21,163

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

15,926

 

 

 

 

 

 

15,926

 

 

 

 

U.S. government agency securities and treasuries

 

 

57,420

 

 

 

 

 

 

57,420

 

 

 

 

Total

 

$

134,864

 

 

$

40,355

 

 

$

94,509

 

 

$

 

 

 

 

 

Fair Value as of December 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Cash equivalents

 

$

88,637

 

 

$

67,209

 

 

$

21,428

 

 

$

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

68,431

 

 

 

 

 

 

68,431

 

 

 

 

U.S. government agency securities and treasuries

 

 

10,024

 

 

 

 

 

 

10,024

 

 

 

 

Total

 

$

167,092

 

 

$

67,209

 

 

$

99,883

 

 

$