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Cash, Cash Equivalents, Restricted Cash and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2024

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the condensed consolidated statements of cash flows (in thousands):


		June 30, 2024				December 31, 2023				June 30, 2023				December 31, 2022
Cash and cash equivalents		$	112,501			$	150,279			$	226,823			$	202,004
Restricted cash (1)			270				277				210				207
Total cash and cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows		$	112,771			$	150,556			$	227,033			$	202,211

(1) Restricted cash is included in "Other assets" in the Condensed Consolidated Balance Sheets.

Summary of Cash, Cash Equivalents and Marketable Securities

Cash and cash equivalents, and marketable securities consist of the following (in thousands):


	Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
June 30, 2024
Cash and cash equivalents:
Cash	$	8,267			$	-			$	-			$	8,267
Money market funds		96,611				-				-				96,611
Corporate debt securities		7,623				-				-				7,623
Total cash and cash equivalents		112,501				-				-				112,501
Marketable securities available-for-sale:
U.S. treasuries		134,941				76				(321	)			134,696
U.S. government agency securities		172,341				48				(305	)			172,084
Corporate debt securities		316,730				38				(437	)			316,331
Total marketable securities available-for-sale		624,012				162				(1,063	)			623,111
Total cash and cash equivalents, and marketable securities	$	736,513			$	162			$	(1,063	)		$	735,612
December 31, 2023
Cash and cash equivalents:
Cash	$	11,190			$	-			$	-			$	11,190
Money market funds		131,635				-				-				131,635
Corporate debt securities		7,453				1				-				7,454
Total cash and cash equivalents		150,278				1				-				150,279
Marketable securities available-for-sale:
U.S. treasuries		74,109				172				(44	)			74,237
U.S. government agency securities		216,265				692				(269	)			216,688
Corporate debt securities		300,803				315				(20	)			301,098
Total marketable securities available-for-sale		591,177				1,179				(333	)			592,023
Total cash and cash equivalents, and marketable securities	$	741,455			$	1,180			$	(333	)		$	742,302

Maturities of Marketable Securities Available-for-Sale

The maturities of our marketable securities available-for-sale are as follows (in thousands):


		June 30, 2024
		Amortized Cost				Estimated Fair Value
Mature in one year or less		$	372,276			$	371,881
Mature after one year through two years			251,736				251,230
		$	624,012			$	623,111