| Summary of Marketable Securities by Security Type |
The following tables set forth by security type, marketable securities for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2021 |
|
(in thousands) |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Total |
|
Commercial paper |
|
$ |
11,509 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
11,509 |
|
Certificates of deposit |
|
|
4,490 |
|
|
|
— |
|
|
|
— |
|
|
|
4,490 |
|
Corporate debt securities |
|
|
135,985 |
|
|
|
12 |
|
|
|
(48 |
) |
|
|
135,949 |
|
US treasury notes |
|
|
26,531 |
|
|
|
4 |
|
|
|
(2 |
) |
|
|
26,533 |
|
Total |
|
$ |
178,515 |
|
|
$ |
16 |
|
|
$ |
(50 |
) |
|
$ |
178,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2020 |
|
(in thousands) |
|
Amortized
Cost |
|
|
Unrealized
Gains |
|
|
Unrealized
Losses |
|
|
Total |
|
Commercial paper |
|
$ |
6,412 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
6,412 |
|
Certificates of deposit |
|
|
1,504 |
|
|
|
— |
|
|
|
— |
|
|
|
1,504 |
|
Corporate debt securities |
|
|
36,573 |
|
|
|
— |
|
|
|
(27 |
) |
|
|
36,546 |
|
Total |
|
$ |
44,489 |
|
|
$ |
— |
|
|
$ |
(27 |
) |
|
$ |
44,462 |
|
|
| Summary of Assets Carried at Fair Value on Recurring Basis |
The following tables set forth by level, within the fair value hierarchy, the assets carried at fair value on a recurring basis for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value measurements as of September 30, 2021 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
120,408 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
120,408 |
|
Corporate debt securities |
|
|
— |
|
|
|
524 |
|
|
|
— |
|
|
|
524 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
11,508 |
|
|
|
— |
|
|
|
— |
|
|
|
11,508 |
|
Certificates of deposit |
|
|
— |
|
|
|
4,490 |
|
|
|
— |
|
|
|
4,490 |
|
Corporate debt securities |
|
|
— |
|
|
|
135,949 |
|
|
|
— |
|
|
|
135,949 |
|
US treasury notes |
|
|
26,534 |
|
|
|
— |
|
|
|
— |
|
|
|
26,534 |
|
Total |
|
$ |
158,450 |
|
|
$ |
140,963 |
|
|
$ |
— |
|
|
$ |
299,413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2020 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
155,017 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
155,017 |
|
Commercial paper |
|
|
2,999 |
|
|
|
— |
|
|
|
— |
|
|
|
2,999 |
|
Certificates of deposit |
|
|
— |
|
|
|
5,309 |
|
|
|
— |
|
|
|
5,309 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
6,412 |
|
|
|
— |
|
|
|
— |
|
|
|
6,412 |
|
Certificates of deposit |
|
|
— |
|
|
|
1,504 |
|
|
|
— |
|
|
|
1,504 |
|
Corporate debt securities |
|
|
— |
|
|
|
36,545 |
|
|
|
— |
|
|
|
36,545 |
|
Total |
|
$ |
164,428 |
|
|
$ |
43,358 |
|
|
$ |
— |
|
|
$ |
207,786 |
|
|
| Summary of Scheduled Maturity for Marketable Securities |
The following table summarizes the scheduled maturity for the Company’s marketable securities at September 30, 2021:
|
|
|
|
|
|
(in thousands) |
|
September 30, 2021 |
|
Maturing in one year or less |
|
$ |
131,877 |
|
Maturing in one year through two years |
|
|
46,604 |
|
Maturing after two years |
|
|
— |
|
Total |
|
$ |
178,481 |
|
|