XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
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