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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Company's Classified Assets Measured at Fair Value on Recurring Basis

At March 31, 2022 and December 31, 2021, the Company has classified assets measured at fair value on a recurring basis as follows (in thousands):

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

March 31,

 

 

Quoted Prices in Active

Markets for Identical

Assets

 

 

Significant Other

Observable Inputs

 

 

Significant

Unobservable Inputs

 

Description

 

2022

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Money market funds

 

$

20,851

 

 

$

20,851

 

 

$

 

 

$

 

Commercial paper

 

 

88,100

 

 

 

 

 

 

88,100

 

 

 

 

Corporate debt securities

 

 

3,617

 

 

 

 

 

 

3,617

 

 

 

 

U.S. government agency securities and treasuries

 

 

7,950

 

 

 

7,950

 

 

 

 

 

 

 

Total

 

$

120,518

 

 

$

28,801

 

 

$

91,717

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

December 31,

 

 

Quoted Prices in Active

Markets for Identical

Assets

 

 

Significant Other

Observable Inputs

 

 

Significant

Unobservable Inputs

 

Description

 

2021

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Money market funds

 

$

16,437

 

 

$

16,437

 

 

$

 

 

$

 

Commercial paper

 

 

106,277

 

 

 

 

 

 

106,277

 

 

 

 

Corporate debt securities

 

 

5,873

 

 

 

 

 

 

5,873

 

 

 

 

U.S. government agency securities and treasuries

 

 

8,041

 

 

 

8,041

 

 

 

 

 

 

 

Total

 

$

136,628

 

 

$

24,478

 

 

$

112,150

 

 

$