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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Major Categories of Assets and Liabilities Measured at Fair Value on Recurring Basis

Included in the following tables are the Company’s major categories of assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021:

 

 

 

September 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

53,338

 

 

$

 

 

$

53,338

 

Certificates of deposit

 

$

 

 

$

25,000

 

 

$

 

 

$

25,000

 

U.S. treasury securities

 

$

 

 

$

169,501

 

 

$

 

 

$

169,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

311,679

 

 

$

 

 

$

311,679

 

Certificates of deposit

 

$

 

 

$

 

 

$

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

 

 

$

1,335

 

 

$

 

 

$

1,335