XML 46 R24.htm IDEA: XBRL DOCUMENT v3.20.4

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Fair Value Measurements of Cash Equivalents, Available-for-Sale Securities and Free Share Liability

The fair value measurements of the Company’s cash equivalents, marketable securities and the free shares asset are identified at the following levels within the fair value hierarchy (in thousands):

			December 31, 2020
			Fair Value Measurement
			Total						Level 1						Level 2						Level 3
Assets:
Cash equivalents:
Money market funds			$	53,165					$	53,165					$	—					$	—
Total			53,165						53,165						—						—
Marketable securities:
Commercial paper			213,533						—						213,533						—
Corporate debt securities			59,574						—						59,574						—
Certificates of deposit			12,311						—						12,311						—
Asset-backed securities			17,908						—						17,908						—
U.S. government-sponsored entity debt securities			257,298						—						257,298						—
Total			560,624						—						560,624						—
Total cash equivalents and marketable securities			$	613,789					$	53,165					$	560,624					$	—
Free shares asset			$	70					$	—					$	—					$	70

			December 31, 2019
			Fair Value Measurement
			Total						Level 1						Level 2						Level 3
Assets:
Cash equivalents:
Money market funds			$	30,496					$	30,496					$	—					$	—
Commercial paper			2,999						—						2,999						—
Total			33,495						30,496						2,999						—
Marketable securities:
Commercial paper			155,368						—						155,368						—
Corporate debt securities			95,017						—						95,017						—
U.S. government-sponsored entity debt securities			53,493						—						53,493						—
Total			303,878						—						303,878						—
Total cash equivalents and marketable securities			$	337,373					$	30,496					$	306,877					$	—
Free shares asset			$	236					$	—					$	—					$	236

Summary of Estimated Fair Value of Free Share Liability Assumptions

			December 31,
Free Shares valuation assumptions:			2020						2019
Sangamo stock price (USD)			$	15.61					$	8.68
Sangamo France stock price (EUR)			€	3.85					€	2.14
EUR/ USD exchange rate			0.82						0.91
Estimated correlation Sangamo and Sangamo France stock prices			100.0		%				100.0		%
Sangamo stock price (USD) volatility estimate			88.9		%				72.5		%
Sangamo France stock price (EUR) volatility estimate			88.9		%				72.5		%
EUR/ USD exchange rate volatility estimate			6.3		%				6.6		%
Risk free rate and cost of debt by expected exercise date			Varies						Varies

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration