Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

	September 30, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	208,841	$	-	$	-	$	208,841
Totals	$	208,841	$	-	$	-	$	208,841
Short-term investments:
U.S. government treasury securities	$	32,654	$	-	$	-	$	32,654
Totals	$	32,654	$	-	$	-	$	32,654

	December 31, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	55,505	$	-	$	-	$	55,505
U.S. government treasury securities		39,998		-		-		39,998
Totals	$	95,503	$	-	$	-	$	95,503
Short-term investments:
U.S. government treasury securities	$	233,663	$	-	$	-	$	233,663
Totals	$	233,663	$	-	$	-	$	233,663