XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.22.2

Investments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Carrying Value and Amortized Cost of Company Investments Summarized by Major Security Type | The carrying value and amortized cost of the Company’s investments, summarized by major security type, consisted of the following (in thousands):
|  | June 30, 2022 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Estimated Fair Value |
U.S. Treasury notes |  | $ | 67,568 |  |  | $ | — |  |  | $ | (92 | ) |  | $ | 67,476 |
Government sponsored enterprise securities |  |  | 49,502 |  |  |  | — |  |  |  | (92 | ) |  |  | 49,410 |
Municipal bonds |  |  | 25,869 |  |  |  | — |  | * |  | (66 | ) |  |  | 25,803 |
Commercial paper |  |  | 154,430 |  |  |  | 32 |  |  |  | (633 | ) |  |  | 153,829 |
|  | $ | 297,369 |  |  | $ | 32 |  |  | $ | (883 | ) |  | $ | 296,518 |
|  | December 31, 2021 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Estimated Fair Value |
U.S. Treasury notes |  | $ | 140,287 |  |  | $ | — |  |  | $ | (100 | ) |  | $ | 140,187 |
Government sponsored enterprise securities |  |  | 49,512 |  |  |  | — |  |  |  | (38 | ) |  |  | 49,474 |
Corporate debt securities |  |  | 26,006 |  |  |  | — |  |  |  | (22 | ) |  |  | 25,984 |
Commercial paper |  |  | 157,670 |  |  |  | 9 |  |  |  | (53 | ) |  |  | 157,626 |
|  | $ | 373,475 |  |  | $ | 9 |  |  | $ | (213 | ) |  | $ | 373,271 |
Summary of Gross Unrealized Losses and Fair Value of Available-For-Sale Investment Securities in Unrealized Loss Position | The following table presents gross unrealized losses and fair value for those available-for-sale investment securities that were in an unrealized loss position as of June 30, 2022 and December 31, 2021, aggregated by investment category and length of time that the individual securities have been in a continuous loss position (in thousands):
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |  |
|  | Estimated Fair Value |  |  | Unrealized Losses |  |  | Estimated Fair Value |  |  | Unrealized Losses |  |  | Estimated Fair Value |  |  | Unrealized Losses |  |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury notes |  | $ | 67,567 |  |  | $ | (92 | ) |  | $ | — |  |  | $ | — |  |  | $ | 67,567 |  |  | $ | (92 | ) |
Government sponsored enterprise securities |  |  | 49,502 |  |  |  | (92 | ) |  |  | — |  |  |  | — |  |  |  | 49,502 |  |  |  | (92 | ) |
Municipal bonds |  |  | 16,755 |  |  |  | (66 | ) |  |  | — |  |  |  | — |  |  |  | 16,755 |  |  |  | (66 | ) |
Commercial paper |  |  | 137,049 |  |  |  | (633 | ) |  |  | — |  |  |  | — |  |  |  | 137,049 |  |  |  | (633 | ) |
Total |  | $ | 270,873 |  |  | $ | (883 | ) |  | $ | — |  |  | $ | — |  |  | $ | 270,873 |  |  | $ | (883 | ) |
|  | Less Than 12 Months |  |  | 12 Months or Greater |  |  | Total |  |
|  | Estimated Fair Value |  |  | Unrealized Losses |  |  | Estimated Fair Value |  |  | Unrealized Losses |  |  | Estimated Fair Value |  |  | Unrealized Losses |  |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury notes |  | $ | 140,287 |  |  | $ | (100 | ) |  | $ | — |  |  | $ | — |  |  | $ | 140,287 |  |  | $ | (100 | ) |
Government sponsored enterprise securities |  |  | 49,512 |  |  |  | (38 | ) |  |  | — |  |  |  | — |  |  |  | 49,512 |  |  |  | (38 | ) |
Corporate debt securities |  |  | 26,006 |  |  |  | (22 | ) |  |  | — |  |  |  | — |  |  |  | 26,006 |  |  |  | (22 | ) |
Commercial paper |  |  | 75,192 |  |  |  | (53 | ) |  |  | — |  |  |  | — |  |  |  | 75,192 |  |  |  | (53 | ) |
Total |  | $ | 290,997 |  |  | $ | (213 | ) |  | $ | — |  |  | $ | — |  |  | $ | 290,997 |  |  | $ | (213 | ) |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration