Fair Value Measurements and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Schedule of Cash Equivalents and Marketable Securities

The following table summarizes the Company’s cash equivalents and marketable securities as of June 30, 2022 (amounts in thousands):

	Fair Value Measurements at June 30, 2022 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	14,739	$	—	$	—	$	14,739
Commercial paper		—		8,991		—		8,991
Total cash equivalents	$	14,739	$	8,991	$	—	$	23,730
Marketable securities
Corporate bonds	$	—	$	41,436	$	—	$	41,436
Commercial paper		—		75,985		—		75,985
Total marketable securities	$	—	$	117,421	$	—	$	117,421
Total	$	14,739	$	126,412	$	—	$	141,151

The following table summarizes the Company’s cash equivalents and marketable securities as of December 31, 2021 (amounts in thousands):

	Fair Value Measurements at December 31, 2021 Using:
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	21,085	$	—	$	—	$	21,085
Corporate bonds		—		7,321		—		7,321
Commercial paper		—		13,198		—		13,198
Total cash equivalents	$	21,085	$	20,519	$	—	$	41,604
Marketable securities
Corporate bonds	$	—	$	94,794	$	—	$	94,794
Commercial paper				69,401		—		69,401
Total marketable securities	$	—	$	164,195	$	—	$	164,195
Total	$	21,085	$	184,714	$	—	$	205,799

Schedule of Level 2 Cash Equivalents and Marketable Securities

The following table summarizes the Company’s level 2 cash equivalents and marketable securities as of June 30, 2022 (amounts in thousands):

	June 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Credit Losses		Fair Value
Corporate bonds	$	41,652	$	—	$	(216	)	$	—	$	41,436
Commercial paper		85,188		—		(212	)		—		84,976
Total	$	126,840	$	—	$	(428	)	$	—	$	126,412

The following table summarizes the Company’s level 2 cash equivalents and marketable securities as of December 31, 2021 (amounts in thousands):

	December 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Credit Losses		Fair Value
Corporate bonds	$	102,224	$	—	$	(109	)	$	—	$	102,115
Commercial paper		82,657		—		(58	)		—		82,599
Total	$	184,881	$	—	$	(167	)	$	—	$	184,714

Schedule of Debt Securities by Contractual Maturity

The following table summarizes the Company’s debt securities by contractual maturity, as of June 30, 2022 and December 31, 2021 (amounts in thousands):

	June 30,		December 31,
	2022		2021
Maturities in one year or less	$	122,192	$	172,575
Maturities between one year and three years		4,220		12,139
Total	$	126,412	$	184,714