XML 35 R26.htm IDEA: XBRL DOCUMENT

Fair Value Measurements, Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Estimated Fair Value of Our Cash Equivalents and Marketable Securities

The following tables summarize the estimated fair value of our cash equivalents, marketable securities and debt.


		As of June 30, 2023
(in thousands)		(Level 1)				(Level 2)				(Level 3)				Total
Financial assets:
Money market funds		$	42,591			$	—			$	—			$	42,591
U.S. treasury securities			52,305				—				—				52,305
Corporate securities			—				170,585				—				170,585
Total financial assets		$	94,896			$	170,585			$	—			$	265,481


		As of December 31, 2022
(in thousands)		(Level 1)				(Level 2)				(Level 3)				Total
Financial assets:
Money market funds		$	68,129			$	—			$	—			$	68,129
U.S. treasury securities			72,577				—				—				72,577
Corporate securities			—				139,364				—				139,364
Total financial assets		$	140,706			$	139,364			$	—			$	280,070

4. Fair value measurements, cash equivalents and marketable securities (continued)

The following tables summarize the estimated fair value of our cash equivalents and marketable securities.


		As of June 30, 2023
(in thousands)		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Cash equivalents:
Money market funds		$	42,591				—				—			$	42,591
Marketable securities:
U.S. treasury securities		$	52,410				—				(105	)		$	52,305
Corporate securities		$	171,068				—				(483	)		$	170,585


		As of December 31, 2022
(in thousands)		Amortized Cost				Unrealized Gains				Unrealized Losses				Estimated Fair Value
Cash equivalents:
Money market funds		$	68,194				—				(65	)		$	68,129
Marketable securities:
U.S. treasury securities		$	73,208				—				(631	)		$	72,577
Corporate securities		$	139,932				—				(568	)		$	139,364