Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	Fair Value Measurements as of December 31, 2020 Using:
	Level 1		Level 2		Level 3		Total
Cash Equivalents:
Money market funds	$	35,480	$	—	$	—	$	35,480
Commercial paper		—		10,313		—		10,313
Corporate bonds		—		2,014		—		2,014
Investments:
Commercial paper	$	—	$	12,343	$	—	$	12,343
Corporate bonds		—		68,289		—		68,289
Certificate of deposits		—		2,272		—		2,272
Government securities		—		104,488		—		104,488
	$	35,480	$	199,719	$	—	$	235,199

	Fair Value Measurements as of December 31, 2019 Using:
	Level 1		Level 2		Level 3		Total
Cash Equivalents:
Money market funds	$	25,510	$	—	$	—	$	25,510
Commercial paper		—		4,243		—		4,243
Corporate bonds		—		4,900		—		4,900
Investments:
Commercial paper	$	—	$	11,957			$	11,957
Corporate bonds		—		17,733				17,733
	$	25,510	$	38,833	$	—	$	64,343