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FAIR VALUE MEASUREMENTS - (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Measurements of Cash Equivalents and Marketable Securities

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

			September 30, 2022
			Fair Value Measurements
			Total						Level 1						Level 2						Level 3
Assets:
Cash equivalents:
Money market funds			$	44,911					$	44,911					$	—					$	—
Total			44,911						44,911						—						—
Marketable securities:
U.S. government-sponsored entity debt securities			23,392						—						23,392						—
Commercial paper securities			120,386						—						120,386						—
Corporate debt securities			14,888						—						14,888						—
Asset-backed securities			37,773						—						37,773						—
U.S. treasury bills			16,922						—						16,922						—
Certificates of deposit			42,337						—						42,337						—
Total			255,698						—						255,698						—
Total cash equivalents and marketable securities			$	300,609					$	44,911					$	255,698					$	—

			December 31, 2021
			Fair Value Measurements
			Total						Level 1						Level 2						Level 3
Assets:
Cash equivalents:
Money market funds			$	119,919					$	119,919					$	—					$	—
Total			119,919						119,919						—						—
Marketable securities:
U.S. government-sponsored entity debt securities			30,614						—						30,614						—
Commercial paper securities			105,757						—						105,757						—
Corporate debt securities			33,682						—						33,682						—
Asset-backed securities			70,701						—						70,701						—
Certificates of deposit			45,091						—						45,091						—
Total			285,845						—						285,845						—
Total cash equivalents and marketable securities			$	405,764					$	119,919					$	285,845					$	—

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- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- References

No definition available.

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