Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Cash and Cash Equivalents, Money Market Funds and Short-term Investments by Significant Investment Category

The following tables show the Company’s cash and cash equivalents, Money Market Funds and short-term investments by significant investment category as of December 31, 2021 and 2020 (in thousands):


	As of December 31, 2021
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Level 1:
Money Market Funds	$	15,329	$	—	$	—	$	15,329
Level 2:
U.S. government agency securities included in short-term investments	5,003		—		—		5,003
Corporate debt securities included in cash and cash equivalents and short-term investments	163,626		1		(202)		163,425
Total financial assets	$	183,958	$	1	$	(202)	$	183,757


	As of December 31, 2020
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Market Value
Level 1:
Money Market Funds	$	27,686	$	—	$	—	$	27,686
Level 2:
U.S. Treasury securities included in short-term investments	63,101		4		(1)		63,104
U.S. government agency securities included in short-term investments	54,183		10		—		54,193
Corporate debt securities included in cash and cash equivalents and short-term investments	118,759		1		(46)		118,714
Total financial assets	$	263,729	$	15	$	(47)	$	263,697

Summery of Remaining Contractual Maturities of Company’s Short-term Investments

The following summarizes the remaining contractual maturities of the Company’s short-term investments as of December 31, 2021:


	Adjusted Cost		Market Value
Mature in 1 year or less	$	114,076	$	113,974
Mature in 1 to 2 years	35,054		34,956
Total	$	149,130	$	148,930