Fair Value Measurements and Investments in Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2022

Investments Debt And Equity Securities [Abstract]

Schedule of Investments in Marketable Securities

Investments in marketable securities consisted of the following (in thousands):

	March 31, 2022
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
Cash equivalents
Money market fund	$	48,361	$	—	$	—		$	48,361
Total cash equivalents		48,361		—		—			48,361
Short-term marketable securities
U.S. and foreign corporate debt securities		4,097		—		(63	)		4,034
Asset-backed securities		21,978		—		(97	)		21,881
U.S. and foreign commercial paper		45,913		—		(2	)		45,911
Total short-term marketable securities		71,988		—		(162	)		71,826
Long-term marketable securities
U.S. and foreign corporate debt securities		14,966		—		(280	)		14,686
U.S. treasury securities		8,966		—		(193	)		8,773
Total long-term marketable securities		23,932		—		(473	)		23,459
Total cash equivalents and marketable securities	$	144,281	$	—	$	(635	)	$	143,646

	December 31, 2021
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
Cash equivalents
Money market fund	$	42,507	$	—	$	—		$	42,507
Total cash equivalents		42,507		—		—			42,507
Short-term marketable securities
U.S. and foreign corporate debt securities		7,015		—		(2	)		7,013
Asset-backed securities		29,097		—		(38	)		29,059
U.S. and foreign commercial paper		64,929		—		(1	)		64,928
Total short-term marketable securities		101,041		—		(41	)		101,000
Long-term marketable securities
U.S. and foreign corporate debt securities		19,117		—		(74	)		19,043
U.S. treasury securities		8,960		—		(31	)		8,929
Total long-term marketable securities		28,077		—		(105	)		27,972
Total cash equivalents and marketable securities	$	171,625	$	—	$	(146	)	$	171,479

Schedule of Fair Value of Financial Assets

The following tables present the fair value of the Company’s financial assets measured at fair value on a recurring basis (in thousands):

	March 31, 2022
	Level 1		Level 2		Level 3		Fair Value
Cash equivalents
Money market fund	$	48,361	$	—	$	—	$	48,361
Total cash equivalents		48,361		—		—		48,361
Short-term marketable securities
U.S. and foreign corporate debt securities		—		4,034		—		4,034
Asset-backed securities		—		21,881		—		21,881
U.S. and foreign commercial paper		—		45,911		—		45,911
Total short-term marketable securities		—		71,826		—		71,826
Long-term marketable securities
U.S. and foreign corporate debt securities		—		14,686		—		14,686
U.S. treasury securities		—		8,773		—		8,773
Total long-term marketable securities		—		23,459		—		23,459
Total assets measured at fair value	$	48,361	$	95,285	$	—	$	143,646

	December 31, 2021
	Level 1		Level 2		Level 3		Fair Value
Cash equivalents
Money market fund	$	42,507	$	—	$	—	$	42,507
Total cash equivalents		42,507		—		—		42,507
Short-term marketable securities
U.S. and foreign corporate debt securities		—		7,013		—		7,013
Asset-backed securities		—		29,059		—		29,059
U.S. and foreign commercial paper		—		64,928		—		64,928
Total short-term marketable securities		—		101,000		—		101,000
Long-term marketable securities
U.S. and foreign corporate debt securities		—		19,043		—		19,043
U.S. treasury securities		—		8,929		—		8,929
Total long-term marketable securities		—		27,972		—		27,972
Total assets measured at fair value	$	42,507	$	128,972	$	—	$	171,479