Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following table sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:

 

 

 

March 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

53,776

 

 

$

53,776

 

 

$

 

 

$

 

Commercial paper

 

 

64,344

 

 

 

 

 

 

64,344

 

 

 

 

Corporate debt securities

 

 

64,678

 

 

 

 

 

 

64,678

 

 

 

 

Equity securities

 

 

30,955

 

 

 

30,955

 

 

 

 

 

 

 

Asset-backed securities

 

 

36,889

 

 

 

 

 

 

36,889

 

 

 

 

U.S. government securities

 

 

59,865

 

 

 

59,865

 

 

 

 

 

 

 

Supranational debt securities

 

 

13,294

 

 

 

 

 

 

13,294

 

 

 

 

Total

 

$

323,801

 

 

$

144,596

 

 

$

179,205

 

 

$

-

 

 

 

The following table sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:

 

 

December 31, 2020

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

204,632

 

 

$

204,632

 

 

$

 

 

$

 

Commercial paper

 

 

42,208

 

 

 

 

 

 

42,208

 

 

 

 

Corporate debt securities

 

 

25,716

 

 

 

 

 

 

25,716

 

 

 

 

Equity securities

 

 

41,644

 

 

 

41,644

 

 

 

 

 

 

 

Asset-backed securities

 

 

12,632

 

 

 

 

 

 

12,632

 

 

 

 

U.S. government securities

 

 

39,785

 

 

 

39,785

 

 

 

 

 

 

 

Total

 

$

366,617

 

 

$

286,061

 

 

$

80,556

 

 

$