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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value of Financial Instruments

Schedule of financial instruments measured at fair value by level within fair value hierarchy


									Significant
						Quoted Prices			other			Significant
						in active			observable			unobservable
						markets			inputs			inputs
			Total			(Level 1)			(Level 2)			(Level 3)
September 30, 2024
Assets
Cash equivalents:
Money market funds		$	12,957		$	12,957		$	—		$	—
Marketable securities:
Corporate debt securities			65,621			—			65,621			—
U.S. Treasury securities			4,586			—			4,586			—
Government-sponsored securities			6,828			—			6,828			—
Commercial paper			3,962			—			3,962			—
Total assets measured at fair value		$	93,954		$	12,957		$	80,997		$	—
Liabilities
Contingent consideration			4,096			—			—			4,096
Total liabilities measured at fair value		$	4,096		$	—		$	—		$	4,096

December 31, 2023
Cash equivalents:
Money market funds		$	77,299		$	77,299		$	—		$	—
U.S. Treasury securities			4,729			—			4,729			—
Marketable securities:
Corporate debt securities			41,612			—			41,612			—
U.S. Treasury securities			25,468			—			25,468			—
Government-sponsored securities			4,521			—			4,521			—
Total assets measured at fair value		$	153,629		$	77,299		$	76,330		$	—

Schedule of a reconciliation of the beginning and ending balances related to the contingent consideration

The following tables provide a reconciliation of the beginning and ending balances related to the contingent consideration for the Ironshore Acquisition (dollars in thousands):


		Ironshore Acquisition
		Contingent Consideration
Balance as of December 31, 2023		$	—
Acquisition date fair value			4,096
Balance as of September 30, 2024		$	4,096