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Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | 9 Months Ended |  |  |
--- | --- | --- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 03, 2024 | Dec. 31, 2023 | Feb. 10, 2023
Marketable securities | $ 80,997 |  |  | $ 71,601 |
Total assets measured at fair value | 93,954 |  |  | 153,629 |
Contingent consideration | 4,096 |  |  |  |
Total liabilities measured at fair value | 4,096 |  |  |  |
Transfer of Assets From Level 1 to Level 2 | 0 | $ 0 |  |  |
Transfer of Assets From Level 2 to Level 1 | 0 | 0 |  |  |
Transfer of Liabilities From Level 1 to Level 2 | 0 | 0 |  |  |
Transfer of Liabilities From Level 2 to Level 1 | 0 | 0 |  |  |
Transfer of Assets Into Level 3 | 0 | 0 |  |  |
Transfer of Assets Out of Level 3 | 0 | 0 |  |  |
Transfer of Liabilities Into Level 3 | 0 | 0 |  |  |
Transfer of Liabilities Out of Level 3 | 0 | $ 0 |  |  |
Ironshore acquisition |  |  |  |  |
Amount of potential contingent consideration payments | 25,000 |  | $ 25,000 |  |
2029 Convertible Notes |  |  |  |  |
Interest rate (as a percent) |  |  |  |  | 2.875%
Net carrying value | 236,911 |  |  |  |
Corporate debt securities |  |  |  |  |
Marketable securities | 65,621 |  |  | 41,612 |
U.S. Treasury securities |  |  |  |  |
Marketable securities | 4,586 |  |  | 25,468 |
Government-sponsored securities |  |  |  |  |
Marketable securities | 6,828 |  |  | 4,521 |
Commercial paper |  |  |  |  |
Marketable securities | 3,962 |  |  |  |
Money market funds |  |  |  |  |
Cash equivalents | 12,957 |  |  | 77,299 |
U.S. Treasury securities |  |  |  |  |
Cash equivalents |  |  |  | 4,729 |
Quoted Prices in active markets (Level 1) |  |  |  |  |
Total assets measured at fair value | 12,957 |  |  | 77,299 |
Quoted Prices in active markets (Level 1) | Money market funds |  |  |  |  |
Cash equivalents | 12,957 |  |  | 77,299 |
Significant other observable inputs (Level 2) |  |  |  |  |
Total assets measured at fair value | $ 80,997 |  |  | 76,330 |
Significant other observable inputs (Level 2) | 2029 Convertible Notes |  |  |  |  |
Interest rate (as a percent) | 2.875% |  |  |  |
Convertible senior notes, fair value | $ 269,652 |  |  |  |
Net carrying value | 236,911 |  |  |  |
Significant other observable inputs (Level 2) | Corporate debt securities |  |  |  |  |
Marketable securities | 65,621 |  |  | 41,612 |
Significant other observable inputs (Level 2) | U.S. Treasury securities |  |  |  |  |
Marketable securities | 4,586 |  |  | 25,468 |
Significant other observable inputs (Level 2) | Government-sponsored securities |  |  |  |  |
Marketable securities | 6,828 |  |  | 4,521 |
Significant other observable inputs (Level 2) | Commercial paper |  |  |  |  |
Marketable securities | 3,962 |  |  |  |
Significant other observable inputs (Level 2) | U.S. Treasury securities |  |  |  |  |
Cash equivalents |  |  |  | $ 4,729 |
Significant unobservable inputs (Level 3) |  |  |  |  |
Contingent consideration | 4,096 |  |  |  |
Total liabilities measured at fair value | $ 4,096 |  |  |  |

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