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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial instruments measured at fair value on a recurring basis (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements At

Reporting Date Using

 

 

 

Total

 

 

Quoted

Prices in

Active

Markets

For

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

27,987

 

 

$

 

 

$

27,987

 

 

$

 

Corporate debt securities

 

 

1,404

 

 

 

 

 

 

1,404

 

 

 

 

U.S. government and agency securities

 

 

15,308

 

 

 

 

 

 

15,308

 

 

 

 

Total assets measured at fair value

 

$

44,699

 

 

$

 

 

$

44,699

 

 

$

 

As of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

27,136

 

 

$

 

 

$

27,136

 

 

$

 

Corporate debt securities

 

 

26,506

 

 

 

 

 

 

26,506

 

 

 

 

U.S. government and agency securities

 

 

18,141

 

 

 

 

 

 

18,141

 

 

 

 

Total assets measured at fair value

 

$

71,783

 

 

$

 

 

$

71,783

 

 

$