| Summary of Marketable Securities by Security Type |
The following tables set forth by security type, marketable securities for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2021 |
|
(in thousands) |
|
Amortized Cost |
|
|
Unrealized Gains |
|
|
Unrealized Losses |
|
|
Total |
|
Commercial paper |
|
|
12,635 |
|
|
|
— |
|
|
|
— |
|
|
|
12,635 |
|
Corporate debt securities |
|
|
138,207 |
|
|
|
3 |
|
|
|
(249 |
) |
|
|
137,961 |
|
Certificates of deposit |
|
|
4,490 |
|
|
|
— |
|
|
|
— |
|
|
|
4,490 |
|
U.S. treasury notes |
|
|
20,683 |
|
|
|
— |
|
|
|
(23 |
) |
|
|
20,660 |
|
Total |
|
$ |
176,015 |
|
|
$ |
3 |
|
|
$ |
(272 |
) |
|
$ |
175,746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2020 |
|
(in thousands) |
|
Amortized Cost |
|
|
Unrealized Gains |
|
|
Unrealized Losses |
|
|
Total |
|
Commercial paper |
|
|
6,412 |
|
|
|
— |
|
|
|
— |
|
|
|
6,412 |
|
Certificates of deposit |
|
|
1,504 |
|
|
|
— |
|
|
|
— |
|
|
|
1,504 |
|
Corporate debt securities |
|
|
36,573 |
|
|
|
— |
|
|
|
(27 |
) |
|
|
36,546 |
|
Total |
|
$ |
44,489 |
|
|
$ |
— |
|
|
$ |
(27 |
) |
|
$ |
44,462 |
|
|
| Summary of Assets Carried at Fair Value on Recurring Basis |
The following tables set forth by level, within the fair value hierarchy (see Note 2), the assets carried at fair value on a recurring basis for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2021 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
95,565 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
95,565 |
|
Corporate debt securities |
|
|
— |
|
|
|
1,844 |
|
|
|
— |
|
|
|
1,844 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
12,635 |
|
|
|
— |
|
|
|
— |
|
|
|
12,635 |
|
Corporate debt securities |
|
|
— |
|
|
|
137,961 |
|
|
|
— |
|
|
|
137,961 |
|
Certificates of deposit |
|
|
— |
|
|
|
4,490 |
|
|
|
— |
|
|
|
4,490 |
|
U.S. treasury notes |
|
|
20,660 |
|
|
|
— |
|
|
|
— |
|
|
|
20,660 |
|
Total |
|
$ |
128,860 |
|
|
$ |
144,295 |
|
|
$ |
— |
|
|
$ |
273,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2020 |
|
(in thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
155,017 |
|
|
|
— |
|
|
|
— |
|
|
$ |
155,017 |
|
Commercial paper |
|
|
2,999 |
|
|
|
— |
|
|
|
— |
|
|
|
2,999 |
|
Certificates of deposit |
|
|
— |
|
|
|
5,309 |
|
|
|
— |
|
|
|
5,309 |
|
Marketable securities |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
6,412 |
|
|
|
— |
|
|
|
— |
|
|
|
6,412 |
|
Certificates of deposit |
|
|
— |
|
|
|
1,504 |
|
|
|
— |
|
|
|
1,504 |
|
Corporate debt securities |
|
|
— |
|
|
|
36,546 |
|
|
|
— |
|
|
|
36,546 |
|
Total |
|
$ |
164,428 |
|
|
$ |
43,359 |
|
|
$ |
— |
|
|
$ |
207,787 |
|
|
| Summary of Scheduled Maturity for Marketable Securities |
The following table summarizes the scheduled maturity for the Company’s marketable securities for the periods presented:
|
|
|
|
|
|
(in thousands) |
|
December 31, |
|
|
|
2021 |
|
Maturing in one year or less |
|
$ |
140,919 |
|
Maturing after one year through two years |
|
|
34,827 |
|
Maturing after two years |
|
|
— |
|
Total |
|
$ |
175,746 |
|
|