Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Marketable Securities by Security Type

The following tables set forth by security type, marketable securities for the periods presented:

	As of June 30, 2022
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Total
Commercial paper	$	20,759	$	—	$	—		$	20,759
Certificates of deposit		12,411		—		(1	)		12,410
Corporate debt securities		109,170		1		(1,057	)		108,114
U.S. treasury notes		14,674		—		(99	)		14,575
Total	$	157,014	$	1	$	(1,157	)	$	155,858

	As of December 31, 2021
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses			Total
Commercial paper	$	12,635	$	—	$	—		$	12,635
Corporate debt securities		138,207		3		(249	)		137,961
Certificates of deposit		4,490		—		—			4,490
U.S. treasury notes		20,683		—		(23	)		20,660
Total	$	176,015	$	3	$	(272	)	$	175,746

Summary of Assets Carried at Fair Value on Recurring Basis

The following tables set forth by level, within the fair value hierarchy, the assets carried at fair value on a recurring basis for the periods presented:

	Fair value measurements as of June 30, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	8,532	$	—	$	—	$	8,532
Corporate debt securities		—		1,280		—		1,280
Marketable securities
Commercial paper		20,759		—		—		20,759
Certificates of deposit		—		12,410		—		12,410
Corporate debt securities		—		108,114		—		108,114
U.S. treasury notes		14,575		—		—		14,575
Total	$	43,866	$	121,804	$	—	$	165,670

	Fair Value Measurements as of December 31, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	95,565	$	—	$	—	$	95,565
Corporate debt securities		—		1,844		—		1,844
Marketable securities
Commercial paper		12,635		—		—		12,635
Corporate debt securities		—		137,961		—		137,961
Certificates of deposit		—		4,490		—		4,490
U.S. treasury notes		20,660		—		—		20,660
Total	$	128,860	$	144,295	$	—	$	273,155

Summary of Scheduled Maturity for Marketable Securities

The following table summarizes the scheduled maturity for the Company’s marketable securities at June 30, 2022:

(in thousands)	June 30, 2022
Maturing in one year or less	$	148,361
Maturing after one year through two years		7,497
Maturing after two years		—
Total	$	155,858