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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Measurements [Abstract]  
Schedule of recurring fair value measurement of the Company's assets and liabilities

The recurring fair value measurement of the Company’s assets and liabilities measured at fair value at March 31, 2022 consisted of the following (in thousands):

Quoted Prices in

Significant

Active Markets

Significant Other

Unobservable

  

For Identical Items

Observable Inputs

Inputs

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets

 

  

  

 

  

 

Cash and cash equivalents:

Money market investments

$

117,921

$

$

$

117,921

Short-term Investments:

Commercial paper

17,568

17,568

Total

$

117,921

$

17,568

$

$

135,489

Liabilities

Performance award

$

$

$

57

$

57

Total

$

$

$

57

$

57

The recurring fair value measurement of the Company’s assets and liabilities measured at fair value at December 31, 2021 consisted of the following (in thousands):

Quoted Prices in

Significant

Active Markets

Significant Other

Unobservable

  

For Identical Items

Observable Inputs

Inputs

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets

 

  

  

 

  

 

Cash and cash equivalents:

Money market investments

$

118,535

$

$

$

118,535

Short-term Investments:

Commercial paper

23,010

23,010

Total

$

118,535

$

23,010

$

$

141,545

Liabilities

Performance award

$

$

$

444

$

444

Total

$

$

$

444

$

444

Schedule Changes in fair value measurements of the performance award

The following table summarizes changes in fair value measurements of the Performance Award during the three months ended March 31, 2022 (in thousands):

Balance as of January 1, 2022

$

444

Change in fair value

(387)

Balance as of March 31, 2022

$

57