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Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table represents the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of June 30, 2022:
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Other
Unobservable
Inputs (Level 3)
Total
Assets:
Money market funds $$48,832$$48,832
Commercial paper 15,94015,940
Government and agency obligations31,73531,735
Corporate bonds 66,78966,789
Asset-backed securities13,72913,729
Total assets $31,735$145,290$$177,025
The following table represents the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis as of December 31, 2021:
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Other
Unobservable
Inputs (Level 3)
Total
Assets:
Money market funds $$38,360$$38,360
Commercial paper 22,97822,978
Government and agency obligations32,69032,690
Corporate bonds 95,84595,845
Asset-backed securities28,26128,261
Total assets $32,690$185,444$$218,134