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Fair Value (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of the Company's Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy and the valuation techniques that the Company utilized to determine such fair value:

		September 30,
(In thousands)		2024				Level 1				Level 2				Level 3
Assets:
Cash equivalents		$	156,976			$	156,976			$	—			$	—
U.S. government and agency debt securities			318,839				266,392				52,447				—
Corporate debt securities			212,507				—				212,507				—
Total		$	688,322			$	423,368			$	264,954			$	—

		December 31,
		2023				Level 1				Level 2				Level 3
Assets:
Cash equivalents		$	34,316			$	34,316			$	—			$	—
U.S. government and agency debt securities			218,869				181,041				37,828				—
Corporate debt securities			131,224				—				131,224				—
Non-U.S. government debt securities			3,996				—				3,996				—
Total		$	388,405			$	215,357			$	173,048			$	—

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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