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Cash, Cash Equivalents and Marketable Securities

3 Months Ended

Mar. 31, 2025

Investments, All Other Investments [Abstract]

Cash, Cash Equivalents and Marketable Securities

Cash, Cash Equivalents and Marketable Securities

The following table summarizes the Company’s marketable securities as of March 31, 2025:

			March 31, 2025
			Amortized Cost						Unrealized Gain						Fair Value
Short-term marketable securities:
Contractual maturity of one year or less:
Guaranteed investment certificates (“GICs”) and mutual funds			$	37,512					$	—					$	37,512
U.S. Treasury notes			87,151						105						87,256
Corporate debt securities			64,277						38						64,315
			188,940						143						189,083
Long-term marketable securities:
Contractual maturity of one to three years:
Corporate debt securities			39,870						49						39,919
Contractual maturity of three to four years:
Corporate debt securities			16,344						61						16,405
			56,214						110						56,324
			$	245,154					$	253					$	245,407

The following table summarizes the Company’s marketable securities as of December 31, 2024:

			December 31, 2024
			Amortized Cost						Unrealized Gain (Loss)						Fair Value
Short-term marketable securities:
Contractual maturity of one year or less:
GICs and mutual funds			$	37,166					$	—					$	37,166
U.S. Treasury notes			71,500						72						71,572
Corporate debt securities			50,993						(58)						50,935
			159,659						14						159,673
Long-term marketable securities:
Contractual maturity of one to three years:
U.S. Treasury notes			14,979						2						14,981
Corporate debt securities			65,461						(153)						65,308
Contractual maturity of three to four years:
Corporate debt securities			18,295						(156)						18,139
			98,735						(307)						98,428
			$	258,394					$	(293)					$	258,101

The following tables present information about the Company’s assets that are measured at fair value on a recurring basis, and indicate the fair value hierarchy of the valuation techniques used to determine such fair value:

			March 31, 2025																								December 31, 2024
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Cash and cash equivalents:
Cash																					$	58,830																							$	34,620
Cash equivalents:
Money market funds			$	17,374					$	—					$	—					$	17,374					$	16,398					$	—					$	—					$	16,398
GICs			—						—						—						—						15,085						—						—						15,085
			$	17,374					$	—					$	—					$	76,204					$	31,483					$	—					$	—					$	66,103
Marketable securities:
GICs and mutual funds			$	37,512					$	—					$	—					$	37,512					$	37,166					$	—					$	—					$	37,166
U.S. Treasury notes			87,256						—						—						87,256						86,553						—						—						86,553
Corporate debt securities			—						120,639						—						120,639						—						134,382						—						134,382
			$	124,768					$	120,639					$	—					$	245,407					$	123,719					$	134,382					$	—					$	258,101
			$	142,142					$	120,639					$	—					$	321,611					$	155,202					$	134,382					$	—					$	324,204

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- Definition

The entire disclosure for investment.

+ 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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 321
-Publisher FASB
-URI https://asc.fasb.org/321/tableOfContent

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 325
-Publisher FASB
-URI https://asc.fasb.org/325/tableOfContent

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No definition available.

+ Details

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