XML 20 R10.htm IDEA: XBRL DOCUMENT v3.22.2
Marketable Securities
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities Marketable Securities
As of June 30, 2022, the fair value of available-for-sale marketable debt securities by type of security was as follows:
 
 June 30, 2022
 Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Marketable debt securities:    
U.S. Treasury notes$66,153 $— (972)$65,181 
U.S. government agency bonds11,940 — (189)11,751 
Corporate bonds$4,901 $5 $(14)$4,892 
 $82,994 $5 $(1,175)$81,824 
The amortized cost and fair value of the Company’s available-for-sale debt securities by contractual maturity are summarized as follows:
 
 June 30, 2022
 Amortized
Cost		Fair
Value
Maturing in one year or less$59,101 $58,433 
Maturing after one year23,893 23,391 
 $82,994 $81,824 

As of December 31, 2021, the fair value of available-for-sale marketable debt securities by type of security was as follows:
 December 31, 2021
 Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
Marketable debt securities:    
U.S. Treasury notes$77,550 $— (188)$77,362 
U.S. government agency bonds20,775 — (33)20,742 
 $98,325 $— $(221)$98,104 
The amortized cost and fair value of the Company’s available-for-sale debt securities by contractual maturity are summarized as follows:
 December 31, 2021
 Amortized
Cost		Fair
Value
Maturing in one year or less$60,462 $60,406 
Maturing after one year37,863 37,698 
 $98,325 $98,104 
The Company has the intent and ability to hold investments in an unrealized loss position until recovery, which may be at maturity. The Company determined it is more likely than not it would not be required to sell these securities before recovery of their amortized cost. As a result, the Company determined it did not hold any investments with an other-than-temporary decline in fair value as of June 30, 2022 and December 31, 2021.