XML 35 R24.htm IDEA: XBRL DOCUMENT v3.22.2

Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2022

Marketable Securities [Abstract]

Summary of Marketable Securities

Marketable securities consisted of the following as of the periods presented (in thousands):

						June 30, 2022
						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Marketable Securities
U.S. Treasury securities						$	207,869					$	—					$	(1,942)					$	205,927
Certificates of deposit						17,716						—						(74)						17,642
Corporate debt securities						27,801						—						(262)						27,539
Commercial paper						13,524						—						(80)						13,444
Asset-backed securities						404						—						(1)						403
Total marketable securities						$	267,314					$	—					$	(2,359)					$	264,955

    

						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 paper						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):

						June 30, 2022												December 31, 2021
						Fair Value						Gross Unrealized Loss						Fair Value						Gross Unrealized Loss
U.S. Treasury securities						$	205,927					$	(1,942)					$	143,590					$	(404)
Certificates of deposit						15,139						(74)						6,490						(5)
Corporate debt securities						27,539						(262)						36,327						(95)
Commercial paper						13,444						(80)						6,984						(6)
Asset-backed securities						403						(1)						4,967						(7)
Total						$	262,452					$	(2,359)					$	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 June 30, 2022 (in thousands):

			Fair Value
One year or less			$	259,168
Over one year through five years			5,787
Total marketable securities			$	264,955

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