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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value

A summary of the assets that are measured at fair value as of June 30, 2022 and December 31, 2021 is as follows (in thousands):

 

 

Fair Value Measurement at
June 30, 2022

 

Assets:

 

Carrying
Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)

 

 

Significant
other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Money market funds(1)

 

$

21,537

 

 

$

21,537

 

 

$

 

 

$

 

Debt securities

 

 

56,119

 

 

 

 

 

 

56,119

 

 

 

 

Total

 

$

77,656

 

 

$

21,537

 

 

$

56,119

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement at
December 31, 2021

 

Assets:

 

Carrying
Value

 

 

Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)

 

 

Significant
other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Money market funds(1)

 

$

49,626

 

 

 

49,626

 

 

 

 

 

 

 

Debt securities

 

 

46,676

 

 

 

 

 

 

46,676

 

 

 

 

Total

 

$

96,302

 

 

$

49,626

 

 

$

46,676

 

 

$

 

(1)
Money market funds with maturities of 90 days or less at the date of purchase are included within cash and cash equivalents in the accompanying condensed consolidated balance sheets and are recognized at fair value.