Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following table summarizes the financial assets (cash, cash equivalents, restricted cash and short-term investments) measured at fair value on a recurring basis: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | (in thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Financial assets: | | | | | | | | | Cash, cash equivalents and restricted cash | | $ | 94,172 | | | $ | — | | | $ | — | | | $ | 94,172 | | U.S. agency security | | — | | | 4,948 | | | — | | | 4,948 | | Corporate bond | | — | | | 104,080 | | | — | | | 104,080 | | Commercial paper | | — | | | 125,187 | | | — | | | 125,187 | | Treasury bill | | — | | | 12,282 | | | — | | | 12,282 | | Treasury bond | | — | | | 42,220 | | | — | | | 42,220 | | Yankee bond | | — | | | 6,501 | | | — | | | 6,501 | | Total financial assets | | $ | 94,172 | | | $ | 295,218 | | | $ | — | | | $ | 389,390 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | (in thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Financial assets: | | | | | | | | | Cash, cash equivalents and restricted cash | | $ | 231,900 | | | $ | — | | | $ | — | | | $ | 231,900 | | Certificates of deposit | | — | | | 3,140 | | | — | | | 3,140 | | Corporate bond | | — | | | 21,820 | | | — | | | 21,820 | | Commercial paper | | — | | | 206,724 | | | — | | | 206,724 | | Treasury bill | | — | | | 2,494 | | | — | | | 2,494 | | Total financial assets | | $ | 231,900 | | | $ | 234,178 | | | $ | — | | | $ | 466,078 | |
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