XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.2
Marketable Securities and Fair Value Measurements
6 Months Ended
Jun. 30, 2023
Marketable Securities and Fair Value Measurements [Abstract]  
Marketable Securities and Fair Value Measurements

3. Marketable Securities and Fair Value Measurements

The Company did not have marketable securities as of June 30, 2023 or December 31, 2022. The Company also did not have assets or liabilities measured at fair value on a recurring basis as of June 30, 2023 or December 31, 2022.

Convertible Senior Notes

As of June 30, 2023, the carrying value of the Notes was $445.8 million (see Note 6) and the estimated fair value of the Notes was $528.3 million. The fair value was determined based on the quoted price of the last trade of the Notes prior to the end of the reporting period in an inactive market, which is considered as Level 2 in the fair value hierarchy.