Available-for-sale Securities (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of Available-for-Sale Securities

The following table summarizes the Company’s available-for-sale securities (in thousands):

	June 30, 2022
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
Available-for-sale securities:
U.S. Treasury securities	$	59,874	$	—	$	(573	)	$	59,301
Agency bonds		9,912		—		(15	)		9,897
Total available-for-sale securities	$	69,786	$	—	$	(588	)	$	69,198

	December 31, 2021
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
Available-for-sale securities:
U.S. Treasury securities	$	61,450	$	—	$	(77	)	$	61,373
Corporate debt securities		33,814		—		(8	)		33,806
Agency bonds		15,123		—		(9	)		15,114
Commercial paper		1,999		—		—			1,999
Total available-for-sale securities	$	112,386	$	—	$	(94	)	$	112,292
Available-for-sale securities, long-term:
U.S. Treasury securities	$	13,585	$	—	$	(38	)	$	13,547
Total available-for-sale securities	$	13,585	$	—	$	(38	)	$	13,547