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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis

Following are the major categories of assets measured at fair value on a recurring basis (in thousands):

 

 

 

Fair Value Measurements

 

 

 

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

26,238

 

 

$

26,238

 

 

$

 

 

$

 

 

$

26,238

 

U.S. treasury securities

 

 

226,706

 

 

 

226,706

 

 

 

 

 

 

 

 

 

226,706

 

U.S. agency bonds

 

 

2,489

 

 

 

 

 

 

2,489

 

 

 

 

 

 

2,489

 

Certificates of deposit

 

 

730

 

 

 

730

 

 

 

 

 

 

 

 

 

730

 

Total

 

$

256,163

 

 

$

253,674

 

 

$

2,489

 

 

$

 

 

$

256,163

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

 

$

66,840

 

 

$

66,840

 

 

$

 

 

$

 

 

$

66,840

 

U.S. treasury securities

 

 

154,018

 

 

 

154,018

 

 

 

 

 

 

 

 

 

154,018

 

U.S. agency bonds

 

 

4,965

 

 

 

 

 

 

4,965

 

 

 

 

 

 

4,965

 

Certificates of deposit

 

 

2,400

 

 

 

2,400

 

 

 

 

 

 

 

 

 

2,400

 

Total

 

$

228,223

 

 

$

223,258

 

 

$

4,965

 

 

$

 

 

$

228,223