Marketable Securities And Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of marketable securities

The following tables present our marketable securities by security type:

	As of June 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		Losses		Value
Commercial paper	$	19,915	$	—	$	—	$	19,915
U.S. treasury securities		134,363		—		(339)		134,024
Totals	$	154,278	$	—	$	(339)	$	153,939

Summary of assets measured at fair value on a recurring basis

The following tables present our assets that are measured at fair value on a recurring basis and indicate the level within the fair value hierarchy of the valuation techniques that we utilized to determine such fair value:

	Fair Value Measurements at June 30, 2022 Using:
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	1,071	$	—	$	—	$	1,071
U.S. treasury securities		—		44,954		—		44,954
Marketable securities:
Commercial paper		—		19,915		—		19,915
U.S. treasury securities		—		134,024		—		134,024
Totals	$	1,071	$	198,893	$	—	$	199,964

	Fair Value Measurements at December 31, 2021 Using:
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	259,609	$	—	$	—	$	259,609