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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of September 30, 2021 (in thousands):

 

 

 

 

 

 

Fair Value Measurements, Using

 

 

 

Total Carrying Value
as of September 30,
 2021

 

 

Quoted Prices in
Active Markets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Unobservable
Inputs
(Level 3)

 

Cash equivalents

 

$

312,324

 

 

$

312,324

 

 

$

 

 

$

 

Short-term investments

 

 

253,786

 

 

 

253,786

 

 

 

 

 

 

 

Convertible notes

 

 

500

 

 

 

 

 

 

 

 

 

500

 

 

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2020 (in thousands):

 

 

 

 

 

 

Fair Value Measurements, Using

 

 

 

Total Carrying Value
as of December 31,
 2020

 

 

Quoted Prices in
Active Markets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Unobservable
Inputs
(Level 3)

 

Cash equivalents

 

$

466,233

 

 

$

466,233

 

 

$

 

 

$

 

Short-term investments

 

 

99,996

 

 

 

99,996