XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

Fair Value Measurement (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of available-for-sale marketable securities | Available-for-sale marketable securities consisted of the following (in thousands):
|  | March 31, 2023
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Asset-backed securities |  | $ | 6,079 |  |  | $ | 1 |  |  | $ | (10) |  |  | $ | 6,070 |
Corporate debt securities |  | 10,206 |  |  | 9 |  |  | (13) |  |  | 10,202 |
U.S. treasury securities |  | 120,555 |  |  | 43 |  |  | (98) |  |  | 120,500 |
Agency bonds |  | 18,765 |  |  | 54 |  |  | (1) |  |  | 18,818 |
Commercial paper |  | 23,639 |  |  | — |  |  | (4) |  |  | 23,635 |
|  | $ | 179,244 |  |  | $ | 107 |  |  | $ | (126) |  |  | $ | 179,225 |
|  | December 31, 2022
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Asset-backed securities |  | $ | 1,146 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,146 |
Corporate debt securities |  | 7,139 |  |  | — |  |  | (9) |  |  | 7,130 |
U.S. treasury securities |  | 111,469 |  |  | — |  |  | (934) |  |  | 110,535 |
Agency bonds |  | 2,783 |  |  | 2 |  |  | (1) |  |  | 2,784 |
Commercial paper |  | 7,004 |  |  | — |  |  | — |  |  | 7,004 |
|  | $ | 129,541 |  |  | $ | 2 |  |  | $ | (944) |  |  | $ | 128,599 |
Schedule of contractual maturities of available-for-sale debt securities | The estimated fair value of our contractual maturities of available-for-sale debt securities were as follows (in thousands):
|  | March 31, 2023 |  | December 31, 2022
Due within one year |  | $ | 154,591 |  |  | $ | 114,353 |
Due after one year but within five years |  | 24,634 |  |  | 14,246 |
|  | $ | 179,225 |  |  | $ | 128,599 |
Schedule of assets measured at fair value on a recurring basis | The following table summarizes, by major security type, our cash equivalents and available-for-sale marketable securities measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):
|  | March 31, 2023 |  | December 31, 2022
|  | Level 1 |  | Level 2 |  | Total estimated fair value |  | Level 1 |  | Level 2 |  | Total estimated fair value
Cash equivalents |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 70,345 |  |  | $ | — |  |  | $ | 70,345 |  |  | $ | 191,704 |  |  | $ | — |  |  | $ | 191,704 |
Available-for-sale marketable securities |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities |  | — |  |  | 6,070 |  |  | 6,070 |  |  | — |  |  | 1,146 |  |  | 1,146 |
Corporate debt securities |  | — |  |  | 10,202 |  |  | 10,202 |  |  | — |  |  | 7,130 |  |  | 7,130 |
U.S. treasury securities |  | 120,500 |  |  | — |  |  | 120,500 |  |  | 110,535 |  |  | — |  |  | 110,535 |
Agency bonds |  | 18,818 |  |  | — |  |  | 18,818 |  |  | 2,784 |  |  | — |  |  | 2,784 |
Commercial paper |  | — |  |  | 23,635 |  |  | 23,635 |  |  | — |  |  | 7,004 |  |  | 7,004 |
|  | $ | 209,663 |  |  | $ | 39,907 |  |  | $ | 249,570 |  |  | $ | 305,023 |  |  | $ | 15,280 |  |  | $ | 320,303 |

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration