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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used in such measurements are as follows (in thousands):

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Aggregate
fair value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

3,180

 

 

$

 

 

$

 

 

$

3,180

 

Fixed income securities

 

 

 

 

 

54,224

 

 

 

 

 

 

54,224

 

Asset backed securities

 

 

 

 

 

28,351

 

 

 

 

 

 

28,351

 

Total assets

 

$

3,180

 

 

$

82,575

 

 

$

 

 

$

85,755

 

 

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Aggregate
fair value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

265

 

 

$

 

 

$

 

 

$

265

 

Fixed income securities

 

 

 

 

 

23,343

 

 

 

 

 

 

23,343

 

Asset backed securities

 

 

 

 

 

2,375

 

 

 

 

 

 

2,375

 

Total assets

 

$

265

 

 

$

25,718

 

 

$

 

 

$

25,983

 

Contractual Maturities of Available for Sale Securities

The contractual maturities of available for sale securities of December 31, 2021 and 2020, are as follows (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Within one year

 

$

49,699

 

 

$

20,078

 

Within one to five years

 

 

32,876

 

 

 

5,640

 

Total contractual maturities

 

$

82,575

 

 

$

25,718