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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Investments Measured on Recurring Basis and Recognized at Fair Value

As of June 30, 2022, investments measured on a recurring basis and recognized at fair value are as follows (in thousands):

 

 

 

 

 

June 30, 2022

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Financial assets included in cash and cash
   equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

126,924

 

 

$

 

 

$

 

 

$

126,924

 

Financial assets included in short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

Level 2

 

 

1,168

 

 

 

 

 

 

(16

)

 

 

1,152

 

Financial assets included in long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset backed securities

 

Level 2

 

 

187

 

 

 

 

 

 

(1

)

 

 

186

 

Total

 

 

 

$

128,279

 

 

$

 

 

$

(17

)

 

$

128,262

 

 

As of December 31, 2021, investments measured on a recurring basis and recognized at fair value are as follows (in thousands):

 

 

 

 

 

December 31, 2021

 

 

 

Fair Value
Hierarchy
Level

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Financial assets included within cash and
   cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

112,193

 

 

$

 

 

$

 

 

$

112,193

 

Financial assets included within short-term
   investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

Level 2

 

 

19,258

 

 

 

1

 

 

 

(6

)

 

 

19,253

 

Commercial paper

 

Level 2

 

 

4,499

 

 

 

 

 

 

 

 

 

4,499

 

Asset backed securities

 

Level 2

 

 

4,029

 

 

 

 

 

 

(1

)

 

 

4,028

 

Financial assets included within long-term
   investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

Level 2

 

 

1,185

 

 

 

 

 

 

(4

)

 

 

1,181

 

Asset backed securities

 

Level 2

 

 

695

 

 

 

 

 

 

 

 

 

695

 

Total

 

 

 

$

141,859

 

 

$

1

 

 

$

(11

)

 

$

141,849