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Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Cash Equivalents, Short-term Investments and Long-term Investments

The following tables reflect the Company’s financial asset balances measured on a recurring basis (in thousands):

 

 

 

June 30, 2022

 

 

 

Level

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

1

 

$

9

 

 

$

 

 

$

 

 

$

9

 

Commercial paper

 

2

 

 

79,191

 

 

 

 

 

 

(13

)

 

 

79,178

 

Total cash equivalents

 

 

 

$

79,200

 

 

$

 

 

$

(13

)

 

$

79,187

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

2

 

 

48,682

 

 

 

 

 

 

(186

)

 

 

48,496

 

U.S. government debt, municipal
   bonds, and agency securities

 

2

 

 

101,564

 

 

 

 

 

 

(1,405

)

 

 

100,159

 

Corporate bonds

 

2

 

 

8,756

 

 

 

 

 

 

(64

)

 

 

8,692

 

Total short-term investments

 

 

 

$

159,002

 

 

$

 

 

$

(1,655

)

 

$

157,347

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

2

 

 

1,503

 

 

 

 

 

 

(47

)

 

 

1,456

 

U.S. government debt and agency
   securities

 

2

 

 

28,598

 

 

 

12

 

 

 

(222

)

 

 

28,388

 

Total long-term investments

 

 

 

$

30,101

 

 

$

12

 

 

$

(269

)

 

$

29,844

 

 

 

 

 

December 31, 2021

 

 

 

Level

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

1

 

$

57

 

 

$

 

 

$

 

 

$

57

 

Commercial paper

 

2

 

 

96,120

 

 

 

 

 

 

(5

)

 

 

96,115

 

Total cash equivalents

 

 

 

$

96,177

 

 

$

 

 

$

(5

)

 

$

96,172

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

2

 

 

74,170

 

 

 

 

 

 

(35

)

 

 

74,135

 

U.S. government debt, municipal
   bonds, and agency securities

 

2

 

 

62,149

 

 

 

2

 

 

 

(59

)

 

 

62,092

 

Corporate bonds

 

2

 

 

7,004

 

 

 

 

 

 

(9

)

 

 

6,995

 

Total short-term investments

 

 

 

$

143,323

 

 

$

2

 

 

$

(103

)

 

$

143,222

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

2

 

 

3,307

 

 

 

 

 

 

(20

)

 

 

3,287

 

U.S. government debt and agency
   securities

 

2

 

 

62,911

 

 

 

 

 

 

(262

)

 

 

62,649

 

Total long-term investments

 

 

 

$

66,218

 

 

$

 

 

$

(282

)

 

$

65,936