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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Company's Classified Assets Measured at Fair Value on Recurring Basis

At June 30, 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

 

 

 

June 30,

 

 

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

 

$

21,912

 

 

$

21,912

 

 

$

 

 

$

 

Commercial paper (included in cash and cash equivalents)

 

 

8,989

 

 

 

 

 

 

8,989

 

 

$

 

Commercial paper

 

 

56,614

 

 

 

 

 

 

56,614

 

 

 

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities and treasuries

 

 

19,276

 

 

 

19,276

 

 

 

 

 

 

 

Total

 

$

106,791

 

 

$

41,188

 

 

$

65,603

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$