XML 21 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

Available-For-Sale Debt Securities | 9 Months Ended
--- | ---
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Available-For-Sale Debt Securities | Note 4. Available-For-Sale Debt Securities The following table summarizes the Company’s available-for-sale debt securities as of September 30, 2023 (in thousands).
| September 30, 2023
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
U.S. government securities | $ | 16,647 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 16,649 |
U.S. government agency securities | 14,761 |  |  | 7 |  |  | — |  |  | 14,768 |
Corporate debt securities | 3,938 |  |  | — |  |  | (8) |  |  | 3,930 |
Commercial paper | 69,392 |  |  | — |  |  | (27) |  |  | 69,365 |
Total | $ | 104,738 |  |  | $ | 9 |  |  | $ | (35) |  |  | $ | 104,712 |
The following table summarizes the Company’s available-for-sale debt securities as of December 31, 2022 (in thousands).
| December 31, 2022
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
U.S. government agency securities | $ | 39,634 |  |  | $ | 5 |  |  | $ | (42) |  |  | $ | 39,597 |
Non-U.S. government securities | 3,964 |  |  | — |  |  | (18) |  |  | 3,946 |
Corporate debt securities | 21,850 |  |  | — |  |  | (126) |  |  | 21,724 |
Commercial paper | 35,745 |  |  | — |  |  | (47) |  |  | 35,698 |
Total | $ | 101,193 |  |  | $ | 5 |  |  | $ | (233) |  |  | $ | 100,965 |
There was approximately $0.1 million realized losses related to available-for-sale debt securities for the three and nine months ended September 30, 2023. As of September 30, 2023, the fair value of the Company’s available-for-sale debt securities with contractual maturity of one year or less from the condensed consolidated balance sheet date was $104.7 million. As of September 30, 2023, the gross unrealized losses that have been in a continuous unrealized loss position for less than 12 months were less than $0.1 million, which were related to $69.4 million of available-for-sale debt securities. There were no gross unrealized losses that have been in a continuous unrealized loss position for more than 12 months. The Company did not recognize any credit losses related to the Company’s debt securities during the three and nine months ended September 30, 2023. Unrealized losses related to available-for-sale debt securities are due to interest rate fluctuations as opposed to credit quality. The Company does not intend to sell these investments. In addition, it is more likely than not that the Company will not be required to sell them before recovery of the amortized cost basis, which may be at maturity.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-6B Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-6B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) -Publisher SEC Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//946-320/tableOfContent Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//940-320/tableOfContent Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration