Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

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 December 31, 2021 and 2020 by level within the fair value hierarchy (in thousands):

 

	As of December 31, 2021								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	$	414,942	$	—	$	—	$	414,942	$	10,712	$	—	$	—	$	10,712
Marketable securities:
US Treasury securities	—		—		—		—		34,117		—		—		34,117
Prepaid expenses and other current assets:
Forward foreign exchange contracts	—		6,083		—		6,083		—		3,332		—		3,332
Financial liabilities:
Accrued expenses and other short-term liabilities:
Forward foreign exchange contracts	—		(62)		—		(62)		—		—		—		—
Total financial assets (liabilities)	$	414,942	$	6,021	$	—	$	420,963	$	44,829	$	3,332	$	—	$	48,161