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

The following tables present 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 June 30, 2022 and December 31, 2021 (in thousands):

 

 

 

Fair Value Measurements at
June 30, 2022:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund

 

$

56,233

 

 

$

 

 

$

 

 

$

56,233

 

Corporate bonds

 

 

10,985

 

 

 

 

 

 

 

 

 

10,985

 

Marketable securities, current

 

 

 

 

 

 

 

 

 

 

 

 

US treasuries

 

 

95,380

 

 

 

 

 

 

 

 

 

95,380

 

US government agencies

 

 

59,029

 

 

 

 

 

 

 

 

 

59,029

 

Corporate bonds

 

 

 

 

 

160,986

 

 

 

 

 

 

160,986

 

Marketable securities, non-current

 

 

 

 

 

 

 

 

 

 

 

 

US treasuries

 

 

33,322

 

 

 

 

 

 

 

 

 

33,322

 

US government agencies

 

 

29,067

 

 

 

 

 

 

 

 

 

29,067

 

Corporate bonds

 

 

 

 

 

27,793

 

 

 

 

 

 

27,793

 

Restricted cash

 

 

6,113

 

 

 

 

 

 

 

 

 

6,113

 

Total

 

$

290,129

 

 

$

188,779

 

 

$

 

 

$

478,908

 

 

 

 

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