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FAIR VALUE MEASUREMENTS - (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Fair Value Measurements of Cash Equivalents and Marketable Securities
The fair value measurements of the Company’s cash equivalents and marketable securities are identified at the following levels within the fair value hierarchy (in thousands):
June 30, 2022
Fair Value Measurements
TotalLevel 1Level 2Level 3
Assets:
Cash equivalents:
Money market funds$39,669 $39,669 $— $— 
Commercial paper securities11,340 — 11,340 — 
Certificates of deposit2,498 — 2,498 — 
Total53,507 39,669 13,838 — 
Marketable securities:
U.S. government-sponsored entity debt securities26,425 — 26,425 — 
Commercial paper securities109,367 — 109,367 — 
Corporate debt securities10,806 — 10,806 — 
Asset-backed securities44,324 — 44,324 — 
U.S. treasury bills12,008 — 12,008 — 
Certificates of deposit43,054 — 43,054 — 
Total245,984 — 245,984 — 
Total cash equivalents and marketable securities$299,491 $39,669 $259,822 $— 
December 31, 2021
Fair Value Measurements
TotalLevel 1Level 2Level 3
Assets:
Cash equivalents:
Money market funds$119,919 $119,919 $— $— 
Total119,919 119,919 — — 
Marketable securities:
U.S. government-sponsored entity debt securities30,614 — 30,614 — 
Commercial paper securities105,757 — 105,757 — 
Corporate debt securities33,682 — 33,682 — 
Asset-backed securities70,701 — 70,701 — 
Certificates of deposit45,091 — 45,091 — 
Total285,845 — 285,845 — 
Total cash equivalents and marketable securities$405,764 $119,919 $285,845 $—