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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Financial Instruments Measured at Fair Value on a Recurring Basis

The following tables set forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2022 and December 31, 2021:

 

 

 

March 31, 2022

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents (money market funds)

 

$

792,477

 

 

$

 

 

$

 

 

$

792,477

 

Totals

 

$

792,477

 

 

$

 

 

$

 

 

$

792,477

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents (money market funds)

 

$

797,448

 

 

$

 

 

$

 

 

$

797,448

 

Totals

 

$

797,448

 

 

$

 

 

$

 

 

$

797,448