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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

As of June 30, 2024 and December 31, 2023 the following financial assets and liabilities are measured at fair value on a recurring basis and are categorized using the fair value hierarchy as follows:


		June 30, 2024
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents:
Money market accounts		$	310,368			$	—			$	—			$	310,368
Marketable securities, current:
Certificates of deposit			—				30,159				—				30,159
Commercial paper			—				15,812				—				15,812
Corporate debt securities			—				46,926				—				46,926
Yankee bonds			—				4,922				—				4,922
U.S. Treasury securities			57,676				—				—				57,676
Mortgage- and asset-backed securities			—				348				—				348
Marketable securities, non-current
Corporate debt securities			—				24,554				—				24,554
Yankee bonds			—				367				—				367
Mortgage- and asset-backed securities			—				21,490				—				21,490
Total		$	368,044			$	144,578			$	—			$	512,622


		December 31, 2023
		Level 1				Level 2				Level 3				Total
Assets:
Cash equivalents:
Money market accounts		$	121,491			$	—			$	—			$	121,491
Marketable securities, current:
Certificates of deposit			—				24,590				—				24,590
Commercial paper			—				10,484				—				10,484
Corporate debt securities			—				41,871				—				41,871
Yankee bonds			—				2,676				—				2,676
U.S. Treasury securities			2,633				—				—				2,633
Marketable securities, non-current
Corporate debt securities			—				10,968				—				10,968
U.S. Treasury securities			54,900				—				—				54,900
Mortgage- and asset-backed securities			—				13,380				—				13,380
Total		$	179,024			$	103,969			$	—			$	282,993
Liabilities:
Other non-current liabilities:
Contingent consideration		$	—			$	—			$	1,056			$	1,056
Total		$	—			$	—			$	1,056			$	1,056