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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

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values as of December 31, 2021 and December 31, 2020 (in thousands):

 

 

 

Fair Value Measurements at
December 31, 2021:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

$

43,182

 

 

$

 

 

$

 

 

$

43,182

 

Marketable securities, current

 

 

 

 

 

 

 

 

 

 

 

 

US treasuries

 

 

169,481

 

 

 

 

 

 

 

 

 

169,481

 

US government agencies

 

 

32,170

 

 

 

 

 

 

 

 

 

32,170

 

Corporate bonds

 

 

 

 

 

192,791

 

 

 

 

 

 

192,791

 

Marketable securities, non-current

 

 

 

 

 

 

 

 

 

 

 

 

US treasuries

 

 

17,172

 

 

 

 

 

 

 

 

 

17,172

 

US government agencies

 

 

47,363

 

 

 

 

 

 

 

 

 

47,363

 

Corporate bonds

 

 

 

 

 

60,652

 

 

 

 

 

 

60,652

 

Restricted cash

 

 

6,116

 

 

 

 

 

 

 

 

 

6,116

 

Total

 

$

315,484

 

 

$

253,443

 

 

$

 

 

$

568,927

 

 

 

 

Fair Value Measurements at
December 31, 2020:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

$

19,943

 

 

$

 

 

$

 

 

$

19,943

 

Corporate bonds

 

 

 

 

 

10,499

 

 

 

 

 

 

10,499

 

Marketable securities, current

 

 

 

 

 

 

 

 

 

 

 

 

US treasuries

 

 

192,275

 

 

 

 

 

 

 

 

 

192,275

 

Corporate bonds

 

 

 

 

 

72,923

 

 

 

 

 

 

72,923

 

Marketable securities, non-current

 

 

 

 

 

 

 

 

 

 

 

 

US treasuries

 

 

132,589

 

 

 

 

 

 

 

 

 

132,589

 

Corporate bonds

 

 

 

 

 

29,942

 

 

 

 

 

 

29,942

 

Restricted cash

 

 

1,589

 

 

 

 

 

 

 

 

 

1,589

 

Total

 

$

346,396

 

 

$

113,364

 

 

$

 

 

$

459,760