XML 63 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

December 31, 2022

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

23,567

 

 

$

9,989

 

 

$

 

 

$

33,556

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

Treasury notes

 

 

27,159

 

 

 

 

 

 

 

 

 

27,159

 

Treasury bills

 

 

59,334

 

 

 

 

 

 

 

 

 

59,334

 

Commercial paper

 

 

 

 

 

134,375

 

 

 

 

 

 

134,375

 

Corporate debt securities

 

 

 

 

 

58,753

 

 

 

 

 

 

58,753

 

Agency bonds

 

 

 

 

 

4,798

 

 

 

 

 

 

4,798

 

Total short-term investments

 

 

86,493

 

 

 

197,926

 

 

 

 

 

 

284,419

 

Restricted cash equivalents

 

 

719

 

 

 

 

 

 

 

 

 

719

 

Total financial assets

 

$

110,779

 

 

$

207,915

 

 

$

 

 

$

318,694

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

49,271

 

 

$

 

 

$

 

 

$

49,271

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

33,978

 

 

 

 

 

 

33,978

 

Corporate debt securities

 

 

 

 

 

11,949

 

 

 

 

 

 

11,949

 

Total short-term investments

 

 

 

 

 

45,927

 

 

 

 

 

 

45,927

 

Restricted cash

 

 

189

 

 

 

 

 

 

 

 

 

189

 

Total financial assets

 

$

49,460

 

 

$

45,927

 

 

$

 

 

$

95,387