Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

28,358

 

 

$

28,358

 

 

$

-

 

 

$

-

 

Commercial paper

 

 

25,179

 

 

 

-

 

 

 

25,179

 

 

 

-

 

Corporate debt securities

 

 

49,511

 

 

 

-

 

 

 

49,511

 

 

 

-

 

Equity securities

 

 

37,744

 

 

 

37,744

 

 

 

-

 

 

 

-

 

Asset-backed securities

 

 

20,398

 

 

 

-

 

 

 

20,398

 

 

 

-

 

U.S. government securities

 

 

47,031

 

 

 

47,031

 

 

 

-

 

 

 

-

 

Supranational debt securities

 

 

21,079

 

 

 

-

 

 

 

21,079

 

 

 

-

 

Total

 

$

229,300

 

 

$

113,133

 

 

$

116,167

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

29,451

 

 

$

29,451

 

 

$

-

 

 

$

-

 

Commercial paper

 

 

22,580

 

 

 

-

 

 

 

22,580

 

 

 

-

 

Corporate debt securities

 

 

74,861

 

 

 

-

 

 

 

74,861

 

 

 

-

 

Equity securities

 

 

37,181

 

 

 

37,181

 

 

 

-

 

 

 

-

 

Asset-backed securities

 

 

32,957

 

 

 

-

 

 

 

32,957

 

 

 

-

 

U.S. government securities

 

 

47,420

 

 

 

47,420

 

 

 

-

 

 

 

-

 

Supranational debt securities

 

 

21,300

 

 

 

-

 

 

 

21,300

 

 

 

-

 

Total

 

$

265,750

 

 

$

114,052

 

 

$

151,698

 

 

$

-