XML 17 R10.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Cash and Investments in Marketable Securities | 6 Months Ended
--- | ---
Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Cash and Investments in Marketable Securities | Note 2 — Cash and Investments in Marketable Securities Cash and investments in marketable securities, including cash equivalents, are as follows (in thousands):
|  | Estimated Fair Value at |
|  | June 30, 2024 |  |  | December 31, 2023 |
Cash and cash equivalents |  | $ | 27,940 |  |  | $ | 35,277 |
Short-term investments |  |  | 243,295 |  |  |  | 268,339 |
Long-term investments |  |  | 19,405 |  |  |  | 25,825 |
Total cash and investments in marketable securities |  | $ | 290,640 |  |  | $ | 329,441 |
Our portfolio of cash and investments in marketable securities includes (in thousands):
|  |  |  | June 30, 2024 |  |  | December 31, 2023 |
|  | Fair Value Hierarchy Level |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Fair Value |
Corporate notes and bonds |  | 2 |  | $ | 88,822 |  |  | $ | 3 |  |  | $ | (258 | ) |  | $ | 88,567 |  |  | $ | 38,882 |
Corporate commercial paper |  | 2 |  |  | 166,404 |  |  |  | — |  |  |  | (257 | ) |  |  | 166,147 |  |  |  | 255,241 |
Obligations of U.S. government agencies |  | 2 |  |  | 3,482 |  |  |  | — |  |  |  | (3 | ) |  |  | 3,479 |  |  |  | — |
Available-for-sale investments |  |  |  | $ | 258,708 |  |  | $ | 3 |  |  | $ | (518 | ) |  | $ | 258,193 |  |  | $ | 294,123 |
Money market funds |  | 1 |  |  |  |  |  |  |  |  |  |  |  | 8,059 |  |  |  | 2,359 |
Certificates of deposit |  | 2 |  |  |  |  |  |  |  |  |  |  |  | 14,020 |  |  |  | 15,116 |
Cash |  | N/A |  |  |  |  |  |  |  |  |  |  |  | 10,368 |  |  |  | 17,843 |
Total cash and investments in marketable securities |  |  |  |  |  |  |  |  | $ | 290,640 |  |  | $ | 329,441 |
For the three and six months ended June 30, 2024 and 2023, there were no transfers between Level 1 and Level 2 of the fair value hierarchy. At December 31, 2023, our gross unrealized gains and losses were insignificant.

X
- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent + Details
Name: | us-gaap_CashCashEquivalentsAndMarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration