CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2022

Cash Equivalents And Investments [Abstract]

CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

The fair value of cash equivalents and short-term investments at December 31, 2022 and 2021, were as follows (in thousands):


	December 31, 2022
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
Money market funds	$	24,263	$	—	$	—	$	24,263
U.S. government securities	134,709		12		(409)		134,312
Total cash equivalents and short-term investments	$	158,972	$	12	$	(409)	$	158,575
Classified as:
Cash equivalents							$	24,263
Short-term investments							134,312
Total cash equivalents and short-term investments							$	158,575


	December 31, 2021
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
Money market funds	$	110,137	$	—	$	—	$	110,137
U.S. government securities	50,490		—		(46)		50,444
Corporate notes	31,158		—		(15)		31,143
Commercial paper	29,982		—		—		29,982
Total cash equivalents and short-term investments	$	221,767	$	—	$	(61)	$	221,706
Classified as:
Cash equivalents							$	110,137
Short-term investments							111,569
Total cash equivalents and short-term investments							$	221,706

Unrealized losses during the years ended December 31, 2022, 2021, and 2020 were not material. As of December 31, 2022, the weighted average maturity for the Company's short-term investments was 114 days.