Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table represents the fair value hierarchy for our financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis (in thousands):

	Level 1		Level 2		Level 3		Total
June 30, 2024
Assets
Money market funds	$	96,611	$	-	$	-	$	96,611
U.S. treasuries		-		134,696		-		134,696
U.S. government agency securities		-		172,084		-		172,084
Corporate debt securities		-		323,954		-		323,954
Total assets	$	96,611	$	630,734	$	-	$	727,345
	Level 1		Level 2		Level 3		Total
December 31, 2023
Assets
Money market funds	$	131,635	$	-	$	-	$	131,635
U.S. treasuries		-		74,237		-		74,237
U.S. government agency securities		-		216,688		-		216,688
Corporate debt securities		-		308,552		-		308,552
Total assets	$	131,635	$	599,477	$	-	$	731,112