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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Schedule of Financial Instruments Measured on Recurring Basis The following table sets forth the fair value of the Company’s financial assets and liabilities by level within the fair value hierarchy (in thousands):

 

 

 

 

 

Quoted prices

 

 

 

 

 

 

 

 

 

 

 

 

in active

 

 

Significant

 

 

 

 

 

 

 

 

 

markets for

 

 

other

 

 

Significant

 

 

 

 

 

 

identical

 

 

observable

 

 

unobservable

 

 

 

December 31,

 

 

assets

 

 

inputs

 

 

inputs

 

 

 

2021

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

345,679

 

 

$

345,679

 

 

$

 

 

$

 

Total

 

$

345,679

 

 

$

345,679

 

 

$

 

 

$

 

 

 

 

 

 

 

Quoted prices

 

 

 

 

 

 

 

 

 

 

 

 

in active

 

 

Significant

 

 

 

 

 

 

 

 

 

markets for

 

 

other

 

 

Significant

 

 

 

 

 

 

identical

 

 

observable

 

 

unobservable

 

 

 

June 30,

 

 

assets

 

 

inputs

 

 

inputs

 

 

 

2022

 

 

(level 1)

 

 

(level 2)

 

 

(level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

327,272

 

 

$

327,272

 

 

$

 

 

$

 

Commercial paper

 

$

11,949

 

 

$

 

 

$

11,949

 

 

$

 

Total

 

$

339,221

 

 

$

327,272

 

 

$

11,949

 

 

$