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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets measured at fair value on recurring basis
The following tables summarize assets that are measured at fair value on a recurring basis:
September 30, 2021
(in thousands)Level 1Level 2Level 3Total
Cash equivalents
Money market funds$147,026 $— $— $147,026 
Commercial paper— 9,998 — 9,998 
Total cash equivalents$147,026 $9,998 $— $157,024 
Short-term investments
Commercial paper$— $141,693 $— $141,693 
Corporate bonds— 22,797 — 22,797 
Asset backed securities— 14,923 — 14,923 
Certificates of deposit— 10,000 — 10,000 
Supranational bonds— 13,158 — 13,158 
U.S. Treasury and agency obligations— 13,470 — 13,470 
Total short-term investments$— $216,041 $— $216,041 
December 31, 2020
(in thousands)Level 1Level 2Level 3Total
Cash equivalents
Money market funds$44,153 $— $— $44,153 
Commercial paper— 4,500 — 4,500 
Total cash equivalents$44,153 $4,500 $— $48,653 
Short-term investments
Commercial paper$— $71,425 $— $71,425 
Corporate bonds— 4,505 — 4,505 
U.S. Treasury and agency obligations— 37,693 — 37,693 
Total short-term investments$— $113,623 $— $113,623