Marketable Securities And Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of marketable securities

The following tables present our marketable securities by security type:

	As of September 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(in thousands)	Cost		Gains		Losses		Value
Commercial paper	$	9,992	$	—	$	—	$	9,992
U.S. treasury securities		156,992		8		(310)		156,690
Totals	$	166,984	$	8	$	(310)	$	166,682

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 September 30, 2022 Using:
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	1,285	$	—	$	—	$	1,285
U.S. treasury securities		—		32,841		—		32,841
Marketable securities:
Commercial paper		—		9,992		—		9,992
U.S. treasury securities		—		156,690		—		156,690
Totals	$	1,285	$	199,523	$	—	$	200,808

	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