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Cash and Marketable Securities

3 Months Ended

Mar. 31, 2025

Cash and Cash Equivalents [Abstract]

Cash and Marketable Securities

CASH AND MARKETABLE SECURITIES

Cash, Cash Equivalents and Restricted Cash

A reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the amount reported within the condensed consolidated statements of cash flows is shown in the table below (in thousands):

			March 31, 2025						March 31, 2024
Cash and cash equivalents			$	88,745					$	93,299
Restricted cash			550						583
Total cash, cash equivalents and restricted cash at the end of the period			$	89,295					$	93,882

Marketable Securities

All short-term marketable securities were considered held-to-maturity at March 31, 2025. The Company determined that it had the positive intent and ability to hold until maturity all short-term marketable securities that have been in a continuous loss position. The Company assesses whether the decline in value of short-term marketable securities is temporary or other-than-temporary. In making its assessment, the Company evaluates the current market and interest rate environment as well as specific issuer information. There has been no recognition of any other-than-temporary impairment at March 31, 2025.

The amortized cost, unrealized holding gains and fair value of the Company’s marketable securities by major security type at each balance sheet date are summarized in the tables below (in thousands):

			March 31, 2025
			Amortized Cost						Unrealized Holding Gains, Net						Fair Value
Short-term marketable securities:
United States ("U.S.") agency securities			$	90,700					$	546					$	91,246
Corporate debt securities			51,472						763						52,235
Total short-term marketable securities			$	142,172					$	1,309					$	143,481

			December 31, 2024
			Amortized Cost						Unrealized Holding Gains, Net						Fair Value
Short-term marketable securities:
U.S. agency securities			$	90,918					$	1,648					$	92,566
Corporate debt securities			55,046						718						55,764
Total short-term marketable securities			$	145,964					$	2,366					$	148,330

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- References

No definition available.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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