Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value of Financial Instruments

Summary of assets measured at fair value on a recurring basis

	Fair value measurement at
	reporting date using
	Quoted prices
	in active		Significant
		markets for	other		Significant
	identical		observable			unobservable
	assets		inputs		inputs
(in thousands)	(Level 1)		(Level 2)		(Level 3)
September 30, 2022:
Assets
Cash and cash equivalents:
Certificates of deposit	$	-	$	7,030	$	-
Money market funds		15,721		-	$	-
Commercial paper		-		13,811		-
Corporate debt securities		-		553		-
Total cash and cash equivalents		15,721		21,394		-
Marketable securities:
Certificates of deposit		-		21,918		-
Commercial paper		-		49,334		-
Corporate debt securities		-		77,990		-
U.S. government securities		-		1,948		-
Total marketable securities		-		151,190		-
Total financial assets	$	15,721	$	172,584	$	-
December 31, 2021
Assets
Cash and cash equivalents:
Money market funds	$	84,416	$	-	$	-
Total cash and cash equivalents		84,416		-		-
Marketable securities:
Certificates of deposit		-		5,296		-
Commercial paper		-		26,503		-
Corporate debt securities		-		145,169		-
U.S. government securities		-		1,988		-
Non-U.S. government securities		-		7,852		-
Total marketable securities		-		186,808		-
Total financial assets	$	84,416	$	186,808	$	-