Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy (in thousands):

	Fair Value Measurement Using:
	Level 1		Level 2		Level 3		Total
As of June 30, 2022
Assets:
Money market funds (1)	$	48	$	—	$	—	$	48
Commercial paper (2)	—		218,302		—		218,302
U.S. treasury securities (3)	1,938		—		—		1,938
Total assets	$	1,986	$	218,302	$	—	$	220,288

	Fair Value Measurement Using:
	Level 1		Level 2		Level 3		Total
As of March 31, 2022
Assets:
Money market funds (1)	$	69	$	—	$	—	$	69
Commercial paper (2)	—		219,772		—		219,772
Total assets	$	69	$	219,772	$	—	$	219,841

(1) Included in cash and cash equivalents.

(2) Includes $187.1 million in cash and cash equivalents and $31.2 million in marketable securities as of June 30, 2022. Includes $192.3 million in cash and cash equivalents and $27.5 million in marketable securities as of March 31, 2022.

(3) Included in marketable securities, non-current.