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Investments in Debt Securities (Tables)
9 Months Ended
Sep. 30, 2024
Debt Securities [Abstract]  
Summary of Investments in Debt Securities in Condensed Consolidated Balance Sheet

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