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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on Recurring Basis

The Company held certain assets that are required to be measured at fair value on a recurring basis as of June 30, 2023, as follows:

									Fair Value Measurement as of June 30, 2023 Using
			Total Fair Value						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
(in thousands)									(Level 1)						(Level 2)						(Level 3)
U.S. Treasury and government agencies			$	235,057					$	235,057					$	—					$	—
Corporate debt			149,847						—						149,847						—
Total assets measured at fair value			$	384,904					$	235,057					$	149,847					$	—

The Company held certain assets that are required to be measured at fair value on a recurring basis as of December 31, 2022, as follows:

									Fair Value Measurement as of December 31, 2022 Using
			Total Fair Value						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
(in thousands)									(Level 1)						(Level 2)						(Level 3)
U.S. Treasury and government agencies			$	177,170					$	177,170					$	—					$	—
Corporate debt			154,660						—						154,660						—
Total assets measured at fair value			$	331,830					$	177,170					$	154,660					$	—

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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