| 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:
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June 30, 2022 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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(in thousands) |
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Assets: |
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|
|
|
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Money market funds |
|
$ |
61,187 |
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|
$ |
61,187 |
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|
$ |
- |
|
|
$ |
- |
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Commercial paper |
|
|
23,129 |
|
|
- |
|
|
|
23,129 |
|
|
|
- |
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Corporate debt securities |
|
|
31,925 |
|
|
- |
|
|
|
31,925 |
|
|
|
- |
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Equity securities |
|
|
34,008 |
|
|
|
34,008 |
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|
|
- |
|
|
|
- |
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Asset-backed securities |
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|
8,583 |
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|
- |
|
|
|
8,583 |
|
|
|
- |
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U.S. government securities |
|
|
36,897 |
|
|
|
36,897 |
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|
|
- |
|
|
|
- |
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U.S. agency securities |
|
|
4,990 |
|
|
- |
|
|
|
4,990 |
|
|
|
- |
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Supranational debt securities |
|
|
15,967 |
|
|
- |
|
|
|
15,967 |
|
|
|
- |
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Total |
|
$ |
216,686 |
|
|
$ |
132,092 |
|
|
$ |
84,594 |
|
|
$ |
- |
|
|
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|
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|
|
|
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|
December 31, 2021 |
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|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
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|
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(in thousands) |
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Assets: |
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|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
- |
|
|
|
- |
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Supranational debt securities |
|
|
21,300 |
|
|
|
- |
|
|
|
21,300 |
|
|
|
- |
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Total |
|
$ |
265,750 |
|
|
$ |
114,052 |
|
|
$ |
151,698 |
|
|
$ |
- |
|
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