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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

147,071

 

 

$

 

 

$

 

 

$

147,071

 

Total fair value of assets

 

$

147,071

 

 

$

 

 

$

 

 

$

147,071

 

 

 

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

63,817

 

 

$

 

 

$

 

 

$

63,817

 

Marketable debt securities (2)

 

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

 

 

 

 

 

7,522

 

 

 

 

 

 

7,522

 

Corporate debt securities

 

 

 

 

 

1,762

 

 

 

 

 

 

1,762

 

Commercial paper

 

 

 

 

 

1,000

 

 

 

 

 

 

1,000

 

Marketable debt securities

 

 

 

 

 

10,284

 

 

 

 

 

 

10,284

 

Total fair value of assets

 

$

63,817

 

 

$

10,284

 

 

$

 

 

$

74,101

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

980

 

 

$

980

 

Total fair value of liabilities

 

$

 

 

$

 

 

$

980

 

 

$

980

 

 

(1)
Included in cash and cash equivalents in the consolidated balance sheets
(2)
Included in short-term marketable debt securities in the consolidated balance sheets.