Marketable Securities

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

The following is a summary of the Company’s available-for-sale marketable securities as of March 31, 2023, which all have contractual maturities of less than two years:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
(in thousands)
U.S. Treasury and government agencies	$	138,015	$	44	$	(397)	$	137,662
Corporate debt	9,642		21		—		9,663
Total marketable securities	$	147,657	$	65	$	(397)	$	147,325

The following is a summary of the Company’s available-for-sale marketable securities as of December 31, 2022, which all have contractual maturities of less than two years:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
(in thousands)
U.S. Treasury and government agencies	$	178,351	$	—	$	(1,181)	$	177,170
Corporate debt	155,017		14		(371)		154,660
Total marketable securities	$	333,368	$	14	$	(1,552)	$	331,830