CASH EQUIVALENTS AND MARKETABLE SECURITIES - (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

The table below summarizes the Company’s cash equivalents and marketable securities (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
June 30, 2022
Assets
Cash equivalents:
Money market funds	$	39,669	$	—	$	—	$	39,669
Commercial paper securities	11,340		2		(2)		11,340
Certificates of deposit	2,498		—		—		2,498
Total	53,507		2		(2)		53,507
Marketable securities:
U.S. government-sponsored entity debt securities	26,849		—		(424)		26,425
Commercial paper securities	109,817		5		(455)		109,367
Corporate debt securities	10,981		—		(175)		10,806
Asset-backed securities	44,710		—		(386)		44,324
U.S. treasury bills	12,008		—		—		12,008
Certificate of deposits	43,148		2		(96)		43,054
Total	247,513		7		(1,536)		245,984
Total cash equivalents and marketable securities	$	301,020	$	9	$	(1,538)	$	299,491
December 31, 2021
Assets
Cash equivalents:
Money market funds	$	119,919	$	—	$	—	$	119,919
Total	119,919		—		—		119,919
Marketable securities:
U.S. government-sponsored entity debt securities	30,700		1		(87)		30,614
Commercial paper securities	105,792		7		(42)		105,757
Corporate debt securities	33,723		1		(42)		33,682
Asset-backed securities	70,807		1		(107)		70,701
Certificate of deposits	45,116		1		(26)		45,091
Total	286,138		11		(304)		285,845
Total cash equivalents and marketable securities	$	406,057	$	11	$	(304)	$	405,764

Fair value of investments available-for-sale

The fair value of marketable securities by contractual maturity were as follows (in thousands):

	June 30, 2022		December 31, 2021
Maturing in one year or less	$	211,855	$	197,676
Maturing after one year through five years	47,966		88,169
Total	$	259,821	$	285,845