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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value, Nonrecurring [Member]  
Schedule of Financial Instruments and the Related Fair Value Hierarchy of the Valuation Techniques Utilized

The following table presents the fair value of financial instruments recorded originally at amortized cost or fair value and not re-measured on a recurring basis (in thousands):

 

 

 

December 31, 2023

 

Balance Sheet Classification:

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

Money market funds

$

276,391

 

 

$

 

 

$

 

 

$

276,391

 

Total Financial Assets

 

$

276,391

 

 

$

 

 

$

 

 

$

276,391

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

Balance Sheet Classification:

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

Money market funds

$

527,728

 

 

$

 

 

$

 

 

$

527,728

 

Total Financial Assets

 

$

527,728

 

 

$

 

 

$

 

 

$

527,728