Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following table sets forth the fair value of the Company’s financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:

	March 31, 2024
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets:
Money market funds	$	42,498	$	42,498	$	-	$	-
Commercial paper		21,379	-			21,379		-
Corporate debt securities		44,036	-			44,036		-
Equity securities		45,616		45,616		-		-
Asset-backed securities		44,598	-			44,598		-
U.S. government securities		113,130		113,130		-		-
Total	$	311,257	$	201,244	$	110,013	$	-

	December 31, 2023
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets:
Money market funds	$	56,397	$	56,397	$	-	$	-
Commercial paper		82,152		-		82,152		-
Corporate debt securities		61,894		-		61,894		-
Equity securities		41,937		41,937		-		-
Asset-backed securities		10,505		-		10,505		-
U.S. government securities		113,652		113,652		-		-
U.S. agency securities		4,961		-		4,961		-
Total	$	371,498	$	211,986	$	159,512	$	-