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Investments (Tables) | 6 Months Ended
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Jun. 30, 2024
Investments [Abstract] |
Schedule of Cash, Cash Equivalents and Marketable Securities | The following tables summarize our cash equivalents and marketable securities measured at fair value on a recurring basis as of June 30, 2024 (in thousands):
| Fair Value Hierarchy |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Cash Equivalents |  |  | Marketable Securities |
Money market funds | Level 2 |  | $ | 2,321 |  |  | $ | – |  |  | $ | – |  |  | $ | 2,321 |  |  | $ | 2,321 |  |  | $ | – |
Time deposits | Level 2 |  |  | 29,609 |  |  |  | 15 |  |  |  | (2 | ) |  |  | 29,622 |  |  |  | – |  |  |  | 29,622 |
Commercial paper | Level 2 |  |  | 40,866 |  |  |  | 21 |  |  |  | (5 | ) |  |  | 40,882 |  |  |  | – |  |  |  | 40,882 |
Asset backed securities | Level 2 |  |  | 2,635 |  |  |  | 1 |  |  |  | (1 | ) |  |  | 2,635 |  |  |  | – |  |  |  | 2,635 |
Government bonds | Level 2 |  |  | 37,835 |  |  |  | – |  |  |  | (41 | ) |  |  | 37,794 |  |  |  | 16,923 |  |  |  | 20,871 |
Corporate debt securities | Level 2 |  |  | 123,017 |  |  |  | 84 |  |  |  | (88 | ) |  |  | 123,013 |  |  |  | – |  |  |  | 123,013 |
Total |  |  | $ | 236,283 |  |  | $ | 121 |  |  | $ | (137 | ) |  | $ | 236,267 |  |  | $ | 19,244 |  |  | $ | 217,023 |
Summary of Scheduled Maturity for Marketable Securities | The following table shows the fair value of the Company’s cash equivalents and marketable securities, by contractual maturity, as of June 30, 2024 (in thousands):
| June 30, 2024 |
Due in 1 year or less | $ | 215,231 |
Due in 1 year through 5 years |  | 21,036 |
Total | $ | 236,267 |
Schedule of Investments Fair Values and Gross Unrealized Losses | The following table shows fair values and gross unrealized losses recorded to accumulated other comprehensive income, aggregated by category and the length of time that individual securities have been in a continuous loss position as of June 30, 2024 (in thousands):
| Less than 12 months |  |  | 12 Months or Greater |  |  | Total |
| Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Time deposits | $ | 3,990 |  |  | $ | (2 | ) |  | $ | – |  |  | $ | – |  |  | $ | 3,990 |  |  | $ | (2 | )
Commercial paper |  | 9,526 |  |  |  | (5 | ) |  |  | – |  |  |  | – |  |  |  | 9,526 |  |  |  | (5 | )
Asset backed securities |  | 1,704 |  |  |  | (1 | ) |  |  | – |  |  |  | – |  |  |  | 1,704 |  |  |  | (1 | )
Government bonds |  | 26,868 |  |  |  | (41 | ) |  |  | – |  |  |  | – |  |  |  | 26,868 |  |  |  | (41 | )
Corporate debt securities |  | 48,586 |  |  |  | (88 | ) |  |  | – |  |  |  | – |  |  |  | 48,586 |  |  |  | (88 | )
Total | $ | 90,674 |  |  | $ | (137 | ) |  | $ | – |  |  | $ | – |  |  | $ | 90,674 |  |  | $ | (137 | )

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