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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2021
Marketable Securities [Abstract]  
Summary of Available-for-Sale Debt Securities

The following table summarizes the available-for-sale debt securities held at December 31, 2021 and 2020 and (in thousands):

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

186,700

 

 

$

 

 

$

(45

)

 

$

186,655

 

US government agency securities

 

 

79,657

 

 

 

 

 

 

(125

)

 

 

79,532

 

Corporate securities

 

 

253,929

 

 

 

1

 

 

 

(488

)

 

 

253,442

 

Total

 

$

520,286

 

 

$

1

 

 

$

(658

)

 

$

519,629

 

 

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

324,917

 

 

$

 

 

$

(53

)

 

$

324,864

 

Corporate securities

 

 

102,946

 

 

 

 

 

 

(81

)

 

 

102,865

 

Total

 

$

427,863

 

 

$

 

 

$

(134

)

 

$

427,729