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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 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 June 30, 2022 and December 31, 2021:

 

 

 

June 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Commercial paper

 

$

 

 

$

102,577

 

 

$

 

 

$

102,577

 

     Certificates of deposit

 

$

 

 

$

25,000

 

 

$

 

 

$

25,000

 

     U.S. treasury securities

 

$

 

 

$

137,533

 

 

$

 

 

$

137,533

 

     Interest rate swap

 

$

 

 

$

334

 

 

$

 

 

$

334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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