XML 59 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis:

 

 

 

Fair Market Value Measurements
as of December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(in thousands)

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

62,244

 

 

$

 

 

$

 

 

$

62,244

 

U.S. Treasury bills

 

 

 

 

 

38,433

 

 

 

 

 

 

38,433

 

Marketable debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury bills

 

 

 

 

 

287,123

 

 

 

 

 

 

287,123

 

U.S. government agency bonds

 

 

 

 

 

55,387

 

 

 

 

 

 

55,387

 

Total assets

 

$

62,244

 

 

$

380,943

 

 

$

 

 

$

443,187

 

 

 

 

 

Fair Market Value Measurements
as of December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(in thousands)

 

Cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

12,698

 

 

$

 

 

$

 

 

$

12,698

 

U.S. Treasury bills

 

 

 

 

 

7,175

 

 

 

 

 

 

7,175

 

Marketable debt securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury bills

 

 

 

 

 

131,939

 

 

 

 

 

 

131,939

 

U.S. government agency bonds

 

 

 

 

 

30,000

 

 

 

 

 

 

30,000

 

Total assets

 

$

12,698

 

 

$

169,114

 

 

$

 

 

$

181,812