Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

v3.21.1
Fair Value Measurements
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following tables present the financial instruments that were measured at fair value on a recurring basis within the fair value hierarchy (in thousands):
  March 31, 2021
  Level 1 Level 2 Level 3 Total
Money market funds $ 122,075  $ —  $ —  $ 122,075 
Non-marketable debt security —  1,067  1,067 
     Total $ 122,075  $ —  $ 1,067  $ 123,142 

  December 31, 2020
  Level 1 Level 2 Level 3 Total
Money market funds $ 127,567  $ —  $ —  $ 127,567 
Non-marketable debt security —  —  1,000  1,000 
     Total $ 127,567  $ —  $ 1,000  $ 128,567 
The fair value of non-marketable securities remeasured due to impairment would be classified within level 3. During the three months ended March 31, 2021 and 2020, we did not recognize any significant credit losses nor other-than-temporary impairment losses on non-marketable securities. The carrying value of our non-marketable securities approximated fair value.