Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	17,176	$	—	$	—	$	17,176
U.S. government treasury securities		23,998		—		—		23,998
Totals	$	41,174	$	—	$	—	$	41,174
Short-term investments:
U.S. government treasury securities	$	84,838	$	—	$	—	$	84,838
Marketable securities:
Commercial paper		—		5,571	$	—		5,571
Corporate bonds		—		10,760		—		10,760
Totals	$	84,838	$	16,331	$	—	$	101,169

	December 31, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market fund	$	141,378	$	—	$	—	$	141,378
Marketable securities:
Commercial paper		—		7,998		—		7,998
Corporate bonds		—		753		—		753
Totals	$	141,378	$	8,751	$	—	$	150,129
Short-term investments:
U.S. government treasury securities	$	25,072	$	—	$	—	$	25,072
Marketable securities:
Commercial paper		—		11,569	$	—		11,569
Corporate bonds		—		9,818		—		9,818
Totals	$	25,072	$	21,387	$	—	$	46,459