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Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2022
Marketable Securities [Abstract]  
Summary of Available-for-Sale Debt Securities

The following table summarizes the available-for-sale debt securities held at March 31, 2022 and December 31, 2021 (in thousands):

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

167,060

 

 

$

6

 

 

$

(397

)

 

$

166,669

 

US government agencies

 

 

89,615

 

 

 

 

 

 

(1,162

)

 

 

88,453

 

Corporate securities

 

 

236,092

 

 

 

 

 

 

(1,657

)

 

 

234,435

 

Total

 

$

492,767

 

 

$

6

 

 

$

(3,216

)

 

$

489,557

 

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

186,700

 

 

$

 

 

$

(45

)

 

$

186,655

 

US government agencies

 

 

79,657

 

 

 

 

 

 

(125

)

 

 

79,532

 

Corporate securities

 

 

253,929

 

 

 

1

 

 

 

(488

)

 

 

253,442

 

Total

 

$

520,286

 

 

$

1

 

 

$

(658

)

 

$

519,629