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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds
$8,002 $— $— $8,002 
U.S. treasury securities48,535 — — 48,535 
U.S. agency bonds— 2,921 — 2,921 
Corporate bonds— 2,911 — 2,911 
Commercial paper— 22,206 — 22,206 
Total marketable securities$56,537 $28,038 $— $84,575 
December 31, 2021
Level 1Level 2Level 3Total
(in thousands)
Marketable securities
Money market funds
$57,829 $— $— $57,829 
U.S. treasury securities28,048 — — 28,048 
Corporate bonds— 31,539 — 31,539 
Commercial paper— 23,973 — 23,973 
Total marketable securities$85,877 $55,512 $— $141,389