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Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Money Market Funds, U.S. Government Agency Securities and Corporate Debt Securities by Significant Investment Category | The following tables show the Company’s short-term investments and cash equivalents by significant investment category as of September 30, 2024 and December 31, 2023 (in thousands):
|  |  | As of September 30, 2024 |  | As of December 31, 2023
|  |  | Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Market Value |  | Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Market Value
Money Market Funds | Level 1 |  | $ | 52,660 |  |  | $ | — |  |  | $ | — |  |  | $ | 52,660 |  |  | $ | 57,241 |  |  | $ | — |  |  | $ | — |  |  | $ | 57,241 |
U.S. Treasury securities | Level 2 |  | 16,868 |  |  | 20 |  |  | — |  |  | 16,888 |  |  | 27,250 |  |  | 46 |  |  | (8) |  |  | 27,288 |
U.S. Government agency securities | Level 2 |  | 88,460 |  |  | 479 |  |  | (2) |  |  | 88,937 |  |  | 133,655 |  |  | 563 |  |  | (132) |  |  | 134,086 |
Corporate debt securities | Level 2 |  | 224,698 |  |  | 389 |  |  | (38) |  |  | 225,049 |  |  | 269,761 |  |  | 213 |  |  | (337) |  |  | 269,637 |
Total financial assets |  |  | $ | 382,686 |  |  | $ | 888 |  |  | $ | (40) |  |  | $ | 383,534 |  |  | $ | 487,907 |  |  | $ | 822 |  |  | $ | (477) |  |  | $ | 488,252 |
|  | As of September 30, 2024 |  | As of December 31, 2023
|  | Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Market Value |  | Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Market Value
Classified as: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 58,637 |  |  | $ | — |  |  | $ | — |  |  | $ | 58,637 |  |  | $ | 57,241 |  |  | $ | — |  |  | $ | — |  |  | $ | 57,241 |
Short-term investments |  | 324,049 |  |  | 888 |  |  | (40) |  |  | 324,897 |  |  | 430,666 |  |  | 822 |  |  | (477) |  |  | 431,011 |
Total |  | $ | 382,686 |  |  | $ | 888 |  |  | $ | (40) |  |  | $ | 383,534 |  |  | $ | 487,907 |  |  | $ | 822 |  |  | $ | (477) |  |  | $ | 488,252 |

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- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
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