Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Short-Term Investments

The following tables summarize the Company’s short-term investments (in thousands):

		As of September 30, 2022
	Maturity	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Corporate debt securities	2 years or less	$	132,604	$	—	$	(1,470)	$	131,134
Commercial paper	1 year or less	521,843		21		(1,472)		520,392
U.S. Agency bonds	2 years or less	40,926		—		(294)		40,632
U.S. Treasury bills	1 year or less	212,931		—		(2,940)		209,991
		$	908,304	$	21	$	(6,176)	$	902,149

		As of December 31, 2021
	Maturity	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Corporate debt securities	2 years or less	$	236,170	$	36	$	(248)	$	235,958
Commercial paper	1 year or less	621,947		127		(95)		621,979
U.S. Agency bonds	1 year or less	58,092		—		—		58,092
U.S. Treasury bills	2 years or less	162,500		—		(272)		162,228
		$	1,078,709	$	163	$	(615)	$	1,078,257