Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

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

The table below summarizes the fair value of the Company’s marketable securities measured at fair value on a recurring basis based on the three-tier fair value hierarchy:

	December 31, 2020
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	45,948	$	—	$	—	$	45,948
U.S. treasury securities	74,776		—		—		74,776
Corporate bonds	—		8,938		—		8,938
Commercial paper	—		60,537		—		60,537
Total marketable securities	$	120,724	$	69,475	$	—	$	190,199
	December 31, 2019
	Level 1		Level 2		Level 3		Total
	(in thousands)
Marketable securities
Money market funds	$	3,068	$	—	$	—	$	3,068
U.S. treasury securities	67,083		—		—		67,083
Corporate bonds	—		10,375		—		10,375
Commercial paper	—		7,660		—		7,660
Total marketable securities	$	70,151	$	18,035	$	—	$	88,186