Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Assets Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy:

		June 30, 2022
	Valuation Hierarchy	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
		(In thousands)
Assets:
Cash equivalents:
Money market funds	Level 1	$	26,265	$	—	$	—		$	26,265
Commercial paper	Level 2		3,746		—		(1	)		3,745
Marketable securities:
U.S. treasuries	Level 1		88,636		6		(549	)		88,093
Commercial paper	Level 2		55,473		4		(141	)		55,336
Government agencies bonds	Level 2		6,535		—		(58	)		6,477
Total financial assets		$	180,655	$	10	$	(749	)	$	179,916

		December 31, 2021
	Valuation Hierarchy	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
		(In thousands)
Assets:
Cash equivalents:
Money market funds	Level 1	$	37,129	$	—	$	—		$	37,129
Marketable securities:
U.S. treasuries	Level 1		78,097		—		(85	)		78,012
Commercial paper	Level 2		121,634		—		(50	)		121,584
Corporate bonds	Level 2		8,979		—		(3	)		8,976
Government agencies bonds	Level 2		4,602		—		(3	)		4,599
Total financial assets		$	250,441	$	—	$	(141	)	$	250,300