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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September 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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Money market funds |
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$ |
82,918 |
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$ |
82,918 |
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$ |
- |
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$ |
- |
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Commercial paper |
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66,324 |
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- |
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66,324 |
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|
- |
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Corporate debt securities |
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28,940 |
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|
- |
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28,940 |
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|
|
- |
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Equity securities |
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36,909 |
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|
36,909 |
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- |
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- |
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Asset-backed securities |
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5,004 |
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- |
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5,004 |
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|
- |
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U.S. government securities |
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66,343 |
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66,343 |
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- |
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- |
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U.S. agency securities |
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16,530 |
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- |
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16,530 |
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- |
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Supranational debt securities |
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20,396 |
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- |
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20,396 |
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|
- |
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Total |
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$ |
323,364 |
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|
$ |
186,170 |
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|
$ |
137,194 |
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$ |
- |
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December 31, 2021 |
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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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Money market funds |
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$ |
29,451 |
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$ |
29,451 |
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|
$ |
- |
|
|
$ |
- |
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Commercial paper |
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22,580 |
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|
|
- |
|
|
|
22,580 |
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|
|
- |
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Corporate debt securities |
|
|
74,861 |
|
|
|
- |
|
|
|
74,861 |
|
|
|
- |
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Equity securities |
|
|
37,181 |
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|
|
37,181 |
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|
|
- |
|
|
|
- |
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Asset-backed securities |
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|
32,957 |
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|
|
- |
|
|
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32,957 |
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|
|
- |
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U.S. government securities |
|
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47,420 |
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47,420 |
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|
- |
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|
- |
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Supranational debt securities |
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21,300 |
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|
- |
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21,300 |
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|
- |
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Total |
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$ |
265,750 |
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$ |
114,052 |
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$ |
151,698 |
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$ |
- |
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