FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

6.FAIR VALUE OF FINANCIAL INSTRUMENTS

As of September 30, 2022 and December 31, 2021 the following financial assets and liabilities are measured at fair value on a recurring basis and are categorized using the fair value hierarchy as follows:

	September 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market accounts	$	240,513	$	—	$	—	$	240,513
Certificates of deposit		—		3,998		—		3,998
Commercial paper		—		26,743		—		26,743
Corporate debt securities		—		2,437		—		2,437
U.S. Treasury securities		22,484		—		—		22,484
Marketable securities, current:
Certificates of deposit		—		37,753		—		37,753
Commercial paper		—		53,492		—		53,492
Corporate debt securities		—		62,866		—		62,866
Yankee bonds		—		3,533		—		3,533
U.S. Treasury securities		4,941		—		—		4,941
U.S. government agency bonds		6,843		—		—		6,843
Marketable securities, non-current
Yankee bonds		—		1,218		—		1,218
Corporate debt securities		—		1,403		—		1,403
Mortgage- and asset-backed securities		—		7,130		—		7,130
Total	$	274,781	$	200,573	$	—	$	475,354
Liabilities:
Other non-current liabilities:
Contingent consideration	$	—	$	—	$	2,000	$	2,000
Total	$	—	$	—	$	2,000	$	2,000

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market accounts	$	635,269	$	—	$	—	$	635,269
Total	$	635,269	$	—	$	—	$	635,269
Liabilities:
Other non-current liabilities:
Public and Private Warrants (Note 12)	$	58,227	$	—	$	—	$	58,227
Total	$	58,227	$	—	$	—	$	58,227

The estimated fair value amounts shown above are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or ability to dispose of the financial instrument.

There were no transfers between fair value measurement levels during the nine months ended September 30, 2022.