The following tables sets forth the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):


As of October 1, 2022	Level 1		Level 2		Total
Money market funds	$	22	$	—	$	22
U.S. government securities	116,514		—		116,514
Commercial paper	—		63,330		63,330
U.S. government agency securities	—		20,533		20,533
Municipal securities	—		251		251
Corporate debt securities	—		249		249
	$	116,536	$	84,363	$	200,899


As of December 31, 2021	Level 1		Level 2		Total
Money market funds	$	2,320	$	—	$	2,320
U.S. government securities	60,279		—		60,279
Commercial paper	—		102,394		102,394
U.S. government agency securities	—		5,527		5,527
Corporate debt securities	—		4,565		4,565
Municipal securities	—		2,808		2,808
	$	62,599	$	115,294	$	177,893