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v3.22.1

Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2022
Summary of Significant Accounting Policies [Abstract] |
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
| March 31, 2022 |  | December 31, 2021 |
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and money market funds | $ | 227,251 |  | $ | — |  | $ | — |  | $ | 227,251 |  | $ | 327,315 |  | $ | — |  | $ | — |  | $ | 327,315 |
Commercial paper |  | — |  |  | 143,958 |  |  | — |  |  | 143,958 |  |  | — |  |  | 133,185 |  |  | — |  |  | 133,185 |
U.S. government & agency securities |  | — |  |  | 32,377 |  |  | — |  |  | 32,377 |  |  | — |  |  | 225 |  |  | — |  |  | 225 |
U.S. Treasury securities |  | — |  |  | 24,988 |  |  | — |  |  | 24,988 |  |  | — |  |  | — |  |  | — |  |  | — |
Total cash and cash equivalents |  | 227,251 |  |  | 201,323 |  |  | — |  |  | 428,574 |  |  | 327,315 |  |  | 133,410 |  |  | — |  |  | 460,725 |
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | — |  |  | 141,976 |  |  | — |  |  | 141,976 |  |  | — |  |  | 187,632 |  |  | — |  |  | 187,632 |
Corporate debt securities |  | — |  |  | 5,313 |  |  | — |  |  | 5,313 |  |  | — |  |  | 8,968 |  |  | — |  |  | 8,968 |
U.S. government & agency securities |  | — |  |  | 386,912 |  |  | — |  |  | 386,912 |  |  | — |  |  | 387,075 |  |  | — |  |  | 387,075 |
Total investments |  | — |  |  | 534,201 |  |  | — |  |  | 534,201 |  |  | — |  |  | 583,675 |  |  | — |  |  | 583,675 |
Short-term restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | 500 |  |  | — |  |  | — |  |  | 500 |  |  | 500 |  |  | — |  |  | — |  |  | 500 |
Long-term restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | 4,982 |  |  | — |  |  | — |  |  | 4,982 |  |  | 4,592 |  |  | — |  |  | — |  |  | 4,592 |
Total assets measured at fair value | $ | 232,733 |  | $ | 735,524 |  | $ | — |  | $ | 968,257 |  | $ | 332,407 |  | $ | 717,085 |  | $ | — |  | $ | 1,049,492 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration | $ | — |  | $ | — |  | $ | 168,654 |  | $ | 168,654 |  | $ | — |  | $ | — |  | $ | 169,717 |  | $ | 169,717 |
Total liabilities measured at fair value | $ | — |  | $ | — |  | $ | 168,654 |  | $ | 168,654 |  | $ | — |  | $ | — |  | $ | 169,717 |  | $ | 169,717 |
Computation of Basic and Diluted Net Loss per Share |
| Three Months Ended March 31,
| 2022 |  | 2021
Numerator: |  |  |
Net loss | $ | (81,499) |  | $ | (87,435)
Denominator: |  |  |  |  |
Basic |  |  |  |  |
Weighted average shares used in computing basic net loss |  | 222,289 |  |  | 194,790
Basic net loss per share | $ | (0.37) |  | $ | (0.45)
Diluted |  |  |  |  |
Weighted average shares used in computing diluted net loss per share |  | 222,289 |  |  | 194,790
Diluted net loss per share | $ | (0.37) |  | $ | (0.45)
Anti-dilutive Shares Excluded from Computation of Diluted Net Income (Loss) per Share |
| Three Months Ended March 31,
(in thousands) | 2022 |  | 2021
Shares issuable upon conversion of convertible senior notes | 20,690 |  | 20,690
Options to purchase common stock | 15,851 |  | 12,332
RSUs | 8,875 |  | 6,527
ESPP shares | 2,026 |  | 2,336

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