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Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2024

Marketable Securities [Abstract]

Summary of Marketable securities by Security

The following tables provide the amortized cost and fair value of the Company’s available-for-sale securities by security type (in thousands):


		June 30, 2024
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Commercial paper		$	105,591			$	—			$	(146	)		$	105,445
Corporate bonds			321,594				24				(1,235	)			320,383
Government and agency securities			124,967				8				(212	)			124,763
U.S. treasury bills			29,713				—				(10	)			29,703
		$	581,865			$	32			$	(1,603	)		$	580,294


		December 31, 2023
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Commercial paper		$	67,098			$	26			$	(44	)		$	67,080
Corporate bonds			193,876				328				(255	)			193,949
Government and agency securities			89,044				58				(75	)			89,027
U.S. treasury bills			34,469				7				(14	)			34,462
		$	384,487			$	419			$	(388	)		$	384,518

Summary of Contractual Maturities of Available-for-sale Debt Securities

The following table summarizes the amortized cost and fair value of the Company’s available-for-sale securities by contractual maturity (in thousands):


		June 30, 2024
		Amortized Cost				Fair Value
Due within one year		$	423,126			$	422,244
Due after one year through three years			158,739				158,050
		$	581,865			$	580,294