XML 36 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables set forth the fair value of financial assets as of March 31, 2022 and December 31, 2021 that were measured at fair value on a recurring basis (in thousands):

 

 

 

March 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

92,096

 

 

$

 

 

$

 

 

$

92,096

 

U.S. government debt securities

 

 

 

 

 

358,291

 

 

 

 

 

 

358,291

 

Corporate bonds

 

 

 

 

 

39,573

 

 

 

 

 

 

39,573

 

Total financial assets

 

$

92,096

 

 

$

397,864

 

 

$

 

 

$

489,960

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

131,946

 

 

$

 

 

$

 

 

$

131,946

 

U.S. government debt securities

 

 

 

 

 

391,145

 

 

 

 

 

 

391,145

 

Corporate bonds

 

 

 

 

 

39,996

 

 

 

 

 

 

39,996

 

Total financial assets

 

$

131,946

 

 

$

431,141

 

 

$

 

 

$

563,087