XML 35 R24.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2022 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

54,233

 

 

$

 

 

$

 

 

$

54,233

 

Commercial paper

 

 

 

 

 

12,489

 

 

 

 

 

 

12,489

 

Government securities

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

11,992

 

 

$

 

 

$

11,992

 

Government securities

 

 

 

 

 

56,979

 

 

 

 

 

 

56,979

 

 

 

$

54,233

 

 

$

81,460

 

 

$

 

 

$

135,693

 

 

 

 

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