XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.22.1

Marketable Securities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Marketable Securities [Abstract] |
Summary of Marketable Securities | M arketable securities consisted of the following as of the periods presented (in thousands):
|  | March 31, 2022 |
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |
Marketable Securities |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 196,282 |  |  | $ | 1 |  |  | $ | (1,544) |  |  | $ | 194,739 |  |
Certificates of deposit |  | 14,273 |  |  | 4 |  |  | (43) |  |  | 14,234 |  |
Corporate debt securities |  | 32,979 |  |  | — |  |  | (267) |  |  | 32,712 |  |
Commercial paper |  | 14,712 |  |  | — |  |  | (48) |  |  | 14,664 |  |
Asset-backed securities |  | 5,187 |  |  | — |  |  | (9) |  |  | 5,178 |  |
Total marketable securities |  | $ | 263,433 |  |  | $ | 5 |  |  | $ | (1,911) |  |  | $ | 261,527 |  |
|  | December 31, 2021
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Marketable Securities |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 157,681 |  |  | $ | — |  |  | $ | (404) |  |  | $ | 157,277 |
Certificates of deposit |  | 6,495 |  |  | — |  |  | (5) |  |  | 6,490 |
Corporate debt securities |  | 36,422 |  |  | — |  |  | (95) |  |  | 36,327 |
Commercial papers |  | 11,624 |  |  | 2 |  |  | (6) |  |  | 11,620 |
Asset-backed securities |  | 5,901 |  |  | 1 |  |  | (7) |  |  | 5,895 |
Total marketable securities |  | $ | 218,123 |  |  | $ | 3 |  |  | $ | (517) |  |  | $ | 217,609 |
Summary of Marketable Securities in an Unrealized Loss Position | Marketable securities in an unrealized loss position for less than 12 months consisted of the following as of the periods presented (in thousands):
|  | March 31, 2022 |  | December 31, 2021
|  | Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss
U.S. Treasury securities |  | $ | 179,056 |  |  | $ | (1,544) |  |  | $ | 143,590 |  |  | $ | (404) |
Certificates of deposit |  | 11,727 |  |  | (43) |  |  | 6,490 |  |  | (5) |
Corporate debt securities |  | 31,990 |  |  | (267) |  |  | 36,327 |  |  | (95) |
Commercial paper |  | 14,663 |  |  | (48) |  |  | 6,984 |  |  | (6) |
Asset-backed securities |  | 5,007 |  |  | (9) |  |  | 4,967 |  |  | (7) |
Total |  | $ | 242,443 |  |  | $ | (1,911) |  |  | $ | 198,358 |  |  | $ | (517) |
Summary of Remaining Contractual Maturities of Marketable Securities | The following summarizes the remaining contractual maturities of the Company’s marketable securities as of March 31, 2022:
| Fair Value
One year or less | $ | 240,174 |
Over one year through five years | 21,353 |
Total marketable securities | $ | 261,527 |

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 http://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 http://asc.fasb.org/extlink&oid=123581744&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 http://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
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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