Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	13,279	$	—	$	—	$	13,279
Commercial paper		—		2,600		—		2,600
Investments:
Commercial paper		—		14,491		—		14,491
Corporate bonds		—		78,300		—		78,300
Certificate of deposits		—		2,272		—		2,272
Government securities		—		110,907		—		110,907
	$	13,279	$	208,570	$	—	$	221,849

	Fair Value Measurements as of December 31, 2020 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	35,480	$	—	$	—	$	35,480
Commercial paper		—		10,313		—		10,313
Corporate bonds		—		2,014		—		2,014
Investments:
Commercial paper	$	—	$	12,343	$	—	$	12,343
Corporate bonds		—		68,289		—		68,289
Certificate of deposits		—		2,272		—		2,272
Government securities		—		104,488		—		104,488
	$	35,480	$	199,719	$	—	$	235,199