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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets Measured at Fair Value on a Recurring Basis | The Company evaluated its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. The following tables summarize the Company’s financial assets measured at fair value as of March 31, 2024 and December 31, 2023:
| Amortized cost or carrying value |  | Unrealized gains |  | Unrealized losses |  | Fair value measurements on a recurring basis March 31, 2024
Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |
Money market account | $ | 89,184 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,184 |  |  | $ | — |  |  | $ | — |  |  | $ | 89,184 |
Commercial paper | 5,910 |  |  | — |  |  | — |  |  | 5,910 |  |  | — |  |  | — |  |  | 5,910 |
Total included in cash and cash equivalents | 95,094 |  |  | — |  |  | — |  |  | 95,094 |  |  | — |  |  | — |  |  | 95,094 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits | 30,000 |  |  | — |  |  | — |  |  | 30,000 |  |  | — |  |  | — |  |  | 30,000 |
Commercial paper | 11,764 |  |  | 75 |  |  | — |  |  | 11,839 |  |  | — |  |  | — |  |  | 11,839 |
Total marketable securities | 41,764 |  |  | 75 |  |  | — |  |  | 41,839 |  |  | — |  |  | — |  |  | 41,839 |
Total financial assets | $ | 136,858 |  |  | $ | 75 |  |  | $ | — |  |  | $ | 136,933 |  |  | $ | — |  |  | $ | — |  |  | $ | 136,933 |
| Amortized cost or carrying value |  | Unrealized gains |  | Unrealized losses |  | Fair value measurements on a recurring basis December 31, 2023
Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |
Money market account | $ | 120,724 |  |  | $ | — |  |  | $ | — |  |  | $ | 120,724 |  |  | $ | — |  |  | $ | — |  |  | $ | 120,724 |
Total included in cash and cash equivalents | 120,724 |  |  | — |  |  | — |  |  | 120,724 |  |  | — |  |  | — |  |  | 120,724 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits | 20,000 |  |  | — |  |  | — |  |  | 20,000 |  |  | — |  |  | — |  |  | 20,000 |
Commercial paper | 1,422 |  |  | 66 |  |  | — |  |  | 1,488 |  |  | — |  |  | — |  |  | 1,488 |
Total marketable securities | 21,422 |  |  | 66 |  |  | — |  |  | 21,488 |  |  | — |  |  | — |  |  | 21,488 |
Total financial assets | $ | 142,146 |  |  | $ | 66 |  |  | $ | — |  |  | $ | 142,212 |  |  | $ | — |  |  | $ | — |  |  | $ | 142,212 |
Schedule of Contractual Maturities of Marketable Securities | The Company classifies its marketable securities as current assets as they are available for current operating needs. The following table summarizes the contractual maturities of marketable securities as of March 31, 2024:
| Amortized cost |  | Aggregate fair value
| (In thousands)
Financial assets: |  |  |
Less than one year | $ | 41,764 |  |  | $ | 41,839 |
Total | $ | 41,764 |  |  | $ | 41,839 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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