Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the Company’s assets and liabilities that were measured at fair value as of March 31, 2021 and December 31, 2020 by level within the fair value hierarchy (in thousands):


	As of March 31, 2021
	(unaudited)				As of December 31, 2020
	Level I	Level II	Level III	Fair Value	Level I	Level II	Level III	Fair Value
Financial assets:
Cash equivalents:
Money market funds	16,772	—	—	16,772	10,712	—	—	10,712
Marketable securities:
US Treasury securities	28,080	—	—	28,080	34,117	—	—	34,117


Prepaid expenses and other current assets:
Forward foreign exchange contracts	—		—		—		—		—		3,332		—		3,332
Financial liabilities:
Accrued expenses and other short-term liabilities:
Forward foreign exchange contracts	—		(453)		—		(453)		—		—		—		—
Total financial assets (liabilities)	$	44,852	$	(453)	$	—	$	44,399	$	44,829	$	3,332	$	—	$	48,161