XML 29 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Financial Instruments Measured at Fair Value on Recurring Basis The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

 

Balance as of September 30, 2021

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (i)

 

$

23,277

 

 

$

 

 

$

 

 

$

23,277

 

Agency bonds (iii)

 

 

 

 

 

68,986

 

 

 

 

 

 

68,986

 

Commercial paper (ii)

 

 

 

 

 

108,122

 

 

 

 

 

 

108,122

 

Corporate notes (iii)

 

 

 

 

 

14,586

 

 

 

 

 

 

14,586

 

Treasury bonds (iii)

 

 

146,235

 

 

 

 

 

 

 

 

 

146,235

 

Total assets

 

$

169,512

 

 

$

191,694

 

 

$

 

 

$

361,206

 

 

Balance as of December 31, 2020

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (i)

 

$

16,273

 

 

$

 

 

$

 

 

$

16,273

 

Agency bonds (iii)

 

 

 

 

 

210,302

 

 

 

 

 

 

210,302

 

Commercial paper (iii)

 

 

 

 

 

277,602

 

 

 

 

 

 

277,602

 

Corporate notes (iii)

 

 

 

 

 

25,395

 

 

 

 

 

 

25,395

 

Treasury bonds (iii)

 

 

30,074

 

 

 

 

 

 

 

 

 

30,074

 

Total assets

 

$

46,347

 

 

$

513,299

 

 

$

 

 

$

559,646

 

 

(i)

Included in cash and cash equivalents on the condensed consolidated balance sheets.

(ii)

Included in cash and cash equivalents or short-term investments on the condensed consolidated balance sheets.

 

(iii)

Included in short-term investments on the condensed consolidated balance sheets.