Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	Fair Value Measurements as of March 31, 2022 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	86,994	$	—	$	—	$	86,994
Commercial paper		—		750		—		750
Government securities		—		3,000		—		3,000
Investments:
Corporate bonds		—		21,598		—		21,598
Government securities		—		73,211		—		73,211
	$	86,994	$	98,559	$	—	$	185,553

	Fair Value Measurements as of December 31, 2021 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	70,322	$	—	$	—	$	70,322
Commercial paper		—		3,999		—		3,999
Investments:
Commercial paper	$	—	$	6,250	$	—	$	6,250
Corporate bonds		—		40,095		—		40,095
Government securities		—		64,854		—		64,854
	$	70,322	$	115,198	$	—	$	185,520