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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments

The Company’s financial assets measured at fair value on a recurring basis were as follows (in thousands):

						Total						Fair value measurement as of December 31, 2023
												Level 1						Level 2						Level 3
						(in thousands)
Cash equivalents:
Money market funds						$	12,671					$	12,671					$	—					$	—
U.S. Treasury securities						199,121						199,121						—						—
Total						$	211,792					$	211,792					$	—					$	—

						Total						Fair value measurement as of December 31, 2022
												Level 1						Level 2						Level 3
						(in thousands)
Cash equivalents:
Money market funds						$	35,915					$	35,915					$	—					$	—
U.S. Treasury securities						151,511						151,511						—						—
Total						$	187,426					$	187,426					$	—					$	—

Summary of Fair Value Assets and Liabilities Measured on Recurring Basis

The following table provides the fair value of financial assets that are not measured at fair value:

						December 31, 2023												December 31, 2022
						Carrying value						Fair value						Carrying value						Fair value
Liabilities:
Debt						$	144,045					$	144,045					$	147,433					$	147,433
Total						$	144,045					$	144,045					$	147,433					$	147,433

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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- References

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X

- 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

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