XML 26 R17.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Cash Equivalents and Marketable Securities Classified as Available-for-Sale Securities Measured at Fair Value on Recurring Basis

Cash equivalents and marketable securities, all of which are classified as available-for-sale securities and measured at fair value on a recurring basis, consisted of the following (in thousands):

 

 

 

 

 

As of June 30, 2022

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds—classified
   as cash equivalents

 

Level 1

 

$

55,827

 

 

$

 

 

$

 

 

$

55,827

 

Corporate debt

 

Level 2

 

 

65,084

 

 

 

6

 

 

 

(578

)

 

 

64,512

 

Commercial paper

 

Level 2

 

 

38,963

 

 

 

 

 

 

 

 

 

38,963

 

U.S. government agency securities

 

Level 2

 

 

47,214

 

 

 

 

 

 

(551

)

 

 

46,663

 

Total

 

 

 

$

207,088

 

 

$

6

 

 

$

(1,129

)

 

$

205,965

 

 

 

 

 

 

As of December 31, 2021

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds—classified
   as cash equivalents

 

Level 1

 

$

22,658

 

 

$

 

 

$

 

 

$

22,658

 

Corporate debt

 

Level 2

 

 

52,704

 

 

 

 

 

 

(139

)

 

 

52,565

 

Asset-backed securities

 

Level 2

 

 

23,882

 

 

 

 

 

 

(21

)

 

 

23,861

 

Commercial paper

 

Level 2

 

 

59,532

 

 

 

 

 

 

 

 

 

59,532

 

U.S. government agency securities

 

Level 2

 

 

29,744

 

 

 

 

 

 

(75

)

 

 

29,669

 

Total

 

 

 

$

188,520

 

 

$

 

 

$

(235

)

 

$

188,285

 

Schedule of Remaining Contractual Maturities of Marketable Securities

The following table presents the remaining contractual maturities of the Company’s marketable securities as of June 30, 2022 (in thousands):

 

 

June 30, 2022

 

 

 

 

 

Due in less than one year

 

$

205,965

 

Due in more than one year

 

 

 

Total

 

$

205,965