XML 54 R28.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Measurements

Schedule of Financial Assets and Liabilities Measured on a Recurring Basis


		Fair Value Measurements
		December 31, 2023
(in thousands)		Level 1			Level 2			Level 3			Total
Financial Assets:
Cash equivalents⁽¹⁾		$	88,460		$	998		$	—		$	89,458
Marketable debt securities:
U.S. government agency securities			5,195			—			—			5,195
U.S. treasury securities			2,993			—			—			2,993
Commercial paper and corporate notes			—			6,669			—			6,669
Prepaid financial instrument in Prepaid manufacturing⁽²⁾			—			—			625			625
Total		$	96,648		$	7,667		$	625		$	104,940
Financial Liabilities:
Contingent consideration		$	—		$	—		$	4,472		$	4,472


		Fair Value Measurements
		December 31, 2022
(in thousands)		Level 1			Level 2			Level 3			Total
Financial Assets:
Cash equivalents⁽¹⁾		$	55,060		$	—		$	—		$	55,060
Marketable debt securities:
U.S. government agency securities			19,964			—			—			19,964
U.S. treasury securities			68,418			—			—			68,418
Commercial paper and corporate notes			—			48,203			—			48,203
Total		$	143,442		$	48,203		$	—		$	191,645

(1)	Cash equivalents consist of money market funds, U.S treasury securities, and commercial paper and corporate notes with original maturities of 90 days or less.

(2)	Relates to Optional Stock Purchase Agreement.

Schedule of Cash and cash equivalents, marketable securities and restricted cash


		December 31, 2023
(in thousands)		Cost			Unrealized Gain			Unrealized (Loss)			Fair Value
Money market funds		$	79,484		$	—		$	—		$	79,484
U.S. government agency securities			5,200			—			(5)			5,195
U.S. treasury securities			11,967			2			—			11,969
Commercial paper and corporate notes			7,673			—			(6)			7,667
Total		$	104,324		$	2		$	(11)		$	104,315


		December 31, 2022
(in thousands)		Cost			Unrealized Gain			Unrealized (Loss)			Fair Value
Money market funds		$	55,060		$	—		$	—		$	55,060
U.S. government agency securities			19,929			35			—			19,964
U.S. treasury securities			68,431			8			(21)			68,418
Commercial paper and corporate notes			48,203			—			—			48,203
Total		$	191,623		$	43		$	(21)		$	191,645