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Investments in Debt Securities (Tables)
3 Months Ended
Mar. 31, 2023
Debt Securities [Abstract]  
Summary of Investments in Debt Securities in Condensed Consolidated Balance Sheet

The following tables summarize the Company’s investments in debt securities and their presentation in the condensed consolidated balance sheet:

 

 

March 31,
2023

 

 

December 31,
2022

 

 

 

(in thousands)

 

Money market funds

 

$

29,454

 

 

$

18,404

 

Corporate paper and notes

 

 

143,005

 

 

 

126,102

 

U.S. government agency securities

 

 

37,395

 

 

 

34,364

 

U.S. treasuries

 

 

14,270

 

 

 

18,471

 

Total

 

$

224,124

 

 

$

197,341

 

 

 

 

 

 

 

Fair value of debt securities

 

$

223,469

 

 

$

196,345

 

 

 

 

 

March 31,
2023

 

 

December 31,
2022

 

 

 

(in thousands)

 

Cash equivalents

 

$

39,417

 

 

$

18,404

 

Current marketable securities

 

 

138,604

 

 

 

142,480

 

Non-current marketable securities

 

 

46,103

 

 

 

36,457

 

Total

 

$

224,124

 

 

$

197,341