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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:
December 31, 2023
Quoted Market Prices for Identical Assets in Active Markets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Fair Value
Measurements
(In thousands)
Assets:
Cash equivalents:
Money market funds$215,891 $— $— $215,891 
Treasury discount notes— 74,802 — 74,802 
Total$215,891 $74,802 $— $290,693 
December 31, 2022
Quoted Market Prices for Identical Assets in Active Markets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Fair Value
Measurements
(In thousands)
Assets:
Cash equivalents:
Money market funds$189,000 $— $— $189,000 
Treasury discount notes— 24,961 — 24,961 
Total$189,000 $24,961 $— $213,961