XML 30 R18.htm IDEA: XBRL DOCUMENT

Fair Value Measurements and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Cash Equivalents and Short-term Investments

The following is a summary of the Company’s cash equivalents and short-term investments:


			June 30, 2024
			Amortized Cost Basis						Unrealized Gains						Unrealized Losses						Estimated Fair Value
			(In thousands)
Level 1:
Money market funds			$	161					$	—					$	—					$	161
Level 2:
Commercial paper			127,060						—						(69)						126,991
U.S. government and agency securities			38,133						1						(22)						38,112
Total cash equivalents and short-term investments			165,354						1						(91)						165,264
Less: Cash equivalents			(118,814)						—						56						(118,758)
Total short-term investments			$	46,540					$	1					$	(35)					$	46,506


			December 31, 2023
			Amortized Cost Basis						Unrealized Gains						Unrealized Losses						Estimated Fair Value
			(In thousands)
Level 1:
Money market funds			$	10,204					$	—					$	—					$	10,204
Level 2:
Commercial paper			64,693						—						(35)						64,658
U.S. government and agency securities			17,616						4						(17)						17,603

Total cash equivalents and short-term investments			92,513						4						(52)						92,465
Less: Cash equivalents			(70,972)						—						33						(70,939)
Total short-term investments			$	21,541					$	4					$	(19)					$	21,526