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Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Estimated Fair Value of Marketable Securities

The following tables summarize the amortized cost and estimated fair value of the Company’s marketable securities, which are considered to be available-for-sale investments and were included in short-term investments on the consolidated balance sheets:

 

 

 

December 31, 2021

 

(in thousands)

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government treasury securities

 

$

25,092

 

 

$

 

 

$

(20

)

 

$

25,072

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

11,568

 

 

 

1

 

 

 

 

 

 

11,569

 

Corporate bonds

 

 

9,821

 

 

 

 

 

 

(3

)

 

 

9,818

 

Totals

 

$

46,481

 

 

$

1

 

 

$

(23

)

 

$

46,459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

(in thousands)

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government treasury securities

 

$

233,687

 

 

$

 

 

$

(24

)

 

$

233,663

 

Totals

 

$

233,687

 

 

$

 

 

$

(24

)

 

$

233,663