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Investments (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments Classified as Available-for-sale
Our investments, which are all classified as available-for-sale, consisted of the following:
 As of December 31, 2023
 Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
 (in thousands)
Description:
U.S government agencies$222,820 $467 $(65)$223,222 
Agency bonds2,500 — (7)2,493 
Total$225,320 $467 $(72)$225,715 
 As of December 31, 2022
 Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
 (in thousands)
Description:
U.S government agencies$66,234 $$(545)$65,693 
Corporate bonds14,351 — (230)14,121 
Commercial paper7,944 — — 7,944 
Agency bonds6,231 — (71)6,160 
Total$94,760 $$(846)$93,918