Investments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Summary Of Assets And Liabilities That Are Measured At Fair Value On A Recurring And Nonrecurring Basis

The following tables present the Company’s assets that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation (in thousands):


	As of June 30, 2022
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents:
Money market funds	$	385,721	$	385,721	$	—	$	—
Certificates of deposit	9,358		—		9,358		—
Restricted cash, current and noncurrent
Certificates of deposit	32,292		—		32,292		—
Marketable securities:
Marketable securities	99,210		99,210		—		—
Total	$	526,581	$	484,931	$	41,650	$	—

	As of December 31, 2021
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents:
Money market funds	$	507,317	$	507,317	$	—	$	—
Certificates of deposit	6,844		—		6,844		—
Restricted cash, current and noncurrent
Certificates of deposit	45,048		—		45,048		—
Marketable securities:
Marketable securities	234,153		234,153		—		—
Total	$	793,362	$	741,470	$	51,892	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details