XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of 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 (in thousands):

 

 

Fair Value Measurements at
June 30, 2022:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

473,995

 

 

$

 

 

$

 

 

$

473,995

 

 

 

$

473,995

 

 

$

 

 

$

 

 

$

473,995

 

 

 

 

Fair Value Measurements at
December 31, 2021:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

541,220

 

 

$

 

 

$

 

 

$

541,220

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

49,194

 

 

 

 

 

 

 

 

 

49,194

 

 

 

$

590,414

 

 

$

 

 

$

 

 

$

590,414