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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis and Level of Fair Value Hierarchy Utilized

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):

 

 

 

Fair value measurements as of September 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

113,396

 

 

$

 

 

$

 

 

$

113,396

 

Total

 

$

113,396

 

 

$

 

 

$

 

 

$

113,396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

37,273

 

 

$

 

 

$

37,273

 

Commercial paper

 

 

 

 

 

7,917

 

 

 

 

 

 

7,917

 

US Government debt securities

 

 

 

 

 

93,069

 

 

 

 

 

 

93,069

 

Total

 

$

 

 

$

138,259

 

 

$

 

 

$

138,259

 

 

 

 

Fair value measurements as of December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

144,897

 

 

$

 

 

$

 

 

$

144,897

 

Total

 

$

144,897

 

 

$

 

 

$

 

 

$

144,897

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

 

 

$

17,524

 

 

$

 

 

$

17,524

 

Commercial paper

 

 

 

 

 

27,487

 

 

 

 

 

 

27,487

 

US Government debt securities

 

 

 

 

 

29,904

 

 

 

 

 

 

29,904

 

Total

 

$

 

 

$

74,915

 

 

$

 

 

$

74,915