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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table sets forth the Company’s assets and liabilities that were measured at fair value as of March 31, 2023 and December 31, 2022 by level within the fair value hierarchy (in thousands):
| As of March 31, 2023 |  |
| (unaudited) |  | As of December 31, 2022
| Level I |  | Level II |  | Level III |  | Total |  | Level I |  | Level II |  | Level III |  | Total
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 162,911 |  |  | $ | — |  |  | $ | — |  |  | $ | 162,911 |  |  | $ | 278,022 |  |  | $ | — |  |  | $ | — |  |  | $ | 278,022 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities | 205,694 |  |  | — |  |  | — |  |  | 205,694 |  |  | 158,956 |  |  | — |  |  | — |  |  | 158,956 |
Agencies | 55,888 |  |  | — |  |  | — |  |  | 55,888 |  |  | 55,900 |  |  | — |  |  | — |  |  | 55,900 |
Commercial paper | — |  |  | 14,819 |  |  | — |  |  | 14,819 |  |  | — |  |  | 13,679 |  |  | — |  |  | 13,679 |
Corporate bonds | — |  |  | 4,434 |  |  | — |  |  | 4,434 |  |  | — |  |  | 7,803 |  |  | — |  |  | 7,803 |
Prepaid expenses and other current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts | — |  |  | 18 |  |  | — |  |  | 18 |  |  | — |  |  | — |  |  | — |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other short-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts | — |  |  | (10,189) |  |  | — |  |  | (10,189) |  |  | — |  |  | (7,447) |  |  | — |  |  | (7,447) |
Long-term other liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts | — |  |  | (3,181) |  |  | — |  |  | (3,181) |  |  | — |  |  | (2,060) |  |  | — |  |  | (2,060) |
Total financial assets (liabilities), net | $ | 424,493 |  |  | $ | 5,901 |  |  | $ | — |  |  | $ | 430,394 |  |  | $ | 492,878 |  |  | $ | 11,975 |  |  | $ | — |  |  | $ | 504,853 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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