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

Following are the major categories of assets measured at fair value on a recurring basis (in thousands):

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

226,006

 

 

$

226,006

 

 

$

 

 

$

 

 

$

226,006

 

U.S. treasury securities

 

 

52,432

 

 

 

52,432

 

 

 

 

 

 

 

 

 

52,432

 

Certificates of deposit

 

 

1,927

 

 

 

1,927

 

 

 

 

 

 

 

 

 

1,927

 

Total

 

$

280,365

 

 

$

280,365

 

 

$

 

 

$

 

 

 

280,365

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

78,446

 

 

$

78,446

 

 

$

 

 

$

 

 

$

78,446

 

U.S. treasury securities

 

 

215,154

 

 

 

215,154

 

 

 

 

 

 

 

 

 

215,154

 

Total

 

$

293,600

 

 

$

293,600

 

 

$

 

 

$

 

 

 

293,600

 

 

(1) Included in cash and cash equivalents in accompanying balance sheets.