Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy

The following table represents the estimated fair value of the Company’s financial assets and liabilities (in thousands):

	Fair Value at December 31, 2023						Fair Value at December 31, 2022
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Money market funds (1)	$	171,824	$	—	$	—	$	398,834	$	—	$	—
Government-backed securities (1)	—		200,000		—		—		296,000		—
Corporate debt securities (1)	—		45,622		—		—		—		—
Agency securities(1)	—		—		—		—		104,536		—
Total cash equivalents	$	171,824	$	245,622	$	—	$	398,834	$	400,536	$	—
Liabilities
3.75% Convertible notes due 2023	$	—	$	—	$	—	$	—	$	322,111	$	—
5.00% Convertible notes due 2027	—		100,909		—		—		172,789		—
Total convertible notes payable	$	—	$	100,909	$	—	$	—	$	494,900	$	—

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