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 sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy (in thousands):

	September 30, 2021
	Level I		Level II		Level III		Total
Financial Assets
Money market funds	$	65,128	$	—	$	—	$	65,128
Certificates of deposit	—		6,502		—		6,502
Cash equivalents	65,128		6,502		—		71,630
Commercial paper	—		47,355		—		47,355
Marketable securities	—		47,355		—		47,355
Total Financial Assets	$	65,128	$	53,857	$	—	$	118,985
	December 31, 2020
	Level I		Level II		Level III		Total
Financial Assets
Money market funds(1)	$	12,462	$	—	$	—	$	12,462
Commercial paper(1)	—		7,199		—		7,199
Cash equivalents	12,462		7,199		—		19,661
U.S. Treasury and government debt securities	—		8,999		—		8,999
Commercial paper	—		10,794		—		10,794
Marketable securities	—		19,793		—		19,793
Total Financial Assets	$	12,462	$	26,992	$	—	$	39,454

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(1)The amounts were previously combined and presented as cash equivalents. Prior periods have been reclassified to conform with current period presentation.