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Cash Equivalents and Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2022
Cash Equivalents And Marketable Securities [Abstract]  
Schedule of Cash Equivalent and Marketable Securities Classified as Available-for-Sale

Cash equivalents and marketable securities classified as available-for-sale consisted of the following:

 

 

 

June 30, 2022

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Estimated Fair
Value

 

 

 

(in thousands)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

99,569

 

 

$

 

 

$

 

 

$

99,569

 

Commercial paper

 

 

122,812

 

 

 

 

 

 

(21

)

 

 

122,791

 

Agency discount notes

 

 

34,937

 

 

 

 

 

 

(4

)

 

 

34,933

 

Total cash equivalents

 

 

257,318

 

 

 

 

 

 

(25

)

 

 

257,293

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury notes

 

 

76,127

 

 

 

 

 

 

(151

)

 

 

75,976

 

Commercial paper

 

 

126,709

 

 

 

1

 

 

 

(207

)

 

 

126,503

 

Corporate debt securities

 

 

16,032

 

 

 

 

 

 

(45

)

 

 

15,987

 

Total marketable securities

 

 

218,868

 

 

 

1

 

 

 

(403

)

 

 

218,466

 

Total cash equivalents and
  marketable securities

 

$

476,186

 

 

$

1

 

 

$

(428

)

 

$

475,759

 

 

 

 

December 31, 2021

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Estimated Fair
Value

 

 

 

(in thousands)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

176,115

 

 

$

 

 

$

 

 

$

176,115

 

Commercial paper

 

 

56,988

 

 

 

 

 

 

(2

)

 

 

56,986

 

Total cash equivalents

 

 

233,103

 

 

 

 

 

 

(2

)

 

 

233,101

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury notes

 

 

76,518

 

 

 

 

 

 

(46

)

 

 

76,472

 

Commercial paper

 

 

167,761

 

 

 

2

 

 

 

(26

)

 

 

167,737

 

Corporate debt securities

 

 

122,548

 

 

 

 

 

 

(58

)

 

 

122,490

 

Supranational debt securities

 

 

27,046

 

 

 

 

 

 

(2

)

 

 

27,044

 

Total marketable securities

 

 

393,873

 

 

 

2

 

 

 

(132

)

 

 

393,743

 

Total cash equivalents and
  marketable securities

 

$

626,976

 

 

$

2

 

 

$

(134

)

 

$

626,844