Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities (in thousands):

	Fair Value at September 30, 2023						Fair Value at December 31, 2022
Assets	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Money market funds(1)	$	196,679	$	—	$	—	$	398,834	$	—	$	—
Government-backed securities(1)	—		200,000		—		—		296,000		—
Treasury securities(1)	—		36,913		—		—		—		—
Corporate debt securities(1)	—		23,028		—		—		—		—
Agency securities(1)	—		—		—		—		104,536		—
Total cash equivalents	$	196,679	$	259,941	$	—	$	398,834	$	400,536	$	—
Liabilities
5.00% Convertible notes due 2027	$	—	$	131,292	$	—	$	—	$	172,789	$	—
3.75% Convertible notes due 2023	—		—		—		—		322,111		—
Total convertible notes payable	$	—	$	131,292	$	—	$	—	$	494,900	$	—

(1)All investments are classified as Cash and cash equivalents as of September 30, 2023 and December 31, 2022, on the consolidated balance sheets.