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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule 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 and indicate the level within the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value (in thousands):
Fair Value Measurements at
December 31, 2022
Level 1Level 2Level 3Total
Cash equivalents:(1)
Money market funds$44,907$$$44,907
Marketable securities:
U.S. government agency securities and treasuries 99,39699,396
Corporate debt securities44,15944,159
Total$44,907$143,555$$188,462
Fair Value Measurements at
December 31, 2021
Level 1Level 2Level 3Total
Cash equivalents:(1)
Money market funds$290,814$290,814
Total$290,814$$$290,814
(1)The cash equivalent amounts above do not include $0.3 million of cash related to checking accounts included in cash and cash equivalents as of December 31, 2022 and December 31, 2021. These amounts are excluded as no valuation is needed for cash in checking accounts.