XML 34 R25.htm IDEA: XBRL DOCUMENT

Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

The following tables summarize the Company's marketable securities (in thousands):


		As of September 30, 2023
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. treasury securities		$	53,198			$	2			$	(4	)		$	53,196
Corporate debt securities			41,692				—				(288	)			41,404
Total		$	94,890			$	2			$	(292	)		$	94,600


		As of December 31, 2022
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
U.S. treasury securities		$	22,630			$	—			$	(24	)		$	22,606
Corporate debt securities			75,161				—				(739	)			74,422
Total		$	97,791			$	—			$	(763	)		$	97,028

Schedule of Marketable Securities Unrealized Loss Position Fair Value


		As of September 30, 2023
		Less than 12 Months								12 Months or More								Total
		Gross Unrealized Losses				Estimated Fair Value				Gross Unrealized Losses				Estimated Fair Value				Gross Unrealized Losses				Estimated Fair Value
U.S. treasury securities		$	(10	)		$	29,273			$	-			$	-			$	(10	)		$	29,273
Corporate debt securities			(166	)			28,269				(116	)			13,135				(282	)			41,404
Total		$	(176	)		$	57,542			$	(116	)		$	13,135			$	(292	)		$	70,677

Summary Of Fair Values Of Marketable Securities

The fair values of the Company's marketable securities by classification in the condensed consolidated balance sheets were as follows:


		As of September 30, 2023				As of December 31, 2022
Cash and cash equivalents		$	18,944			$	—
Marketable securities			75,656				97,028
Total		$	94,600			$	97,028

Schedule of Marketable Securities Fair Value By Contractual Maturity

Marketable securities fair value by contractual maturity were as follows (in thousands):


		As of September 30, 2023				As of December 31, 2022
Due in one year or less		$	89,278			$	79,652
Due after one year through five years			5,322				17,376
Total		$	94,600			$	97,028