XML 17 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Investments in Debt Securities | 9 Months Ended
--- | ---
Sep. 30, 2024
Debt Securities [Abstract] |
Investments in Debt Securities | 3. Investments in Debt Securities The following tables summarize the Company’s investments in debt securities and their presentation in the condensed consolidated balance sheet:
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Money market funds |  | $ | 6,436 |  |  | $ | 24,273 |
Corporate paper and notes |  |  | 294,729 |  |  |  | 146,415 |
U.S. government agency securities |  |  | 91,567 |  |  |  | 39,456 |
U.S. treasuries |  |  | 47,308 |  |  |  | 21,571 |
Total |  | $ | 440,040 |  |  | $ | 231,715 |
Fair value of debt securities |  | $ | 440,718 |  |  | $ | 231,945 |
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Cash equivalents |  | $ | 90,150 |  |  | $ | 24,273 |
Current marketable securities |  |  | 199,270 |  |  |  | 150,130 |
Non-current marketable securities |  |  | 150,620 |  |  |  | 57,312 |
Total |  | $ | 440,040 |  |  | $ | 231,715 |
The Company does not intend to sell and the Company believes it is unlikely that the Company will be required to sell the above investments before recovery of their amortized cost bases, which may be at maturity. The Company determined that there was no material change in the credit risk of any of its investments. The fair value of money market funds is determined based on publicly available market price for these funds (Level 1). The fair value of other debt securities is determined based on the publicly available inputs which includes a market price for the same or similar instruments adjusted for estimates in interest yield (Level 2).

X
- References No definition available. + Details
Name: | us-gaap_DebtSecuritiesAbstract
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/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: 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 5: 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 6: 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 7: 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