Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

	March 31, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	35,610	$	—	$	—	$	35,610
Marketable securities
Corporate bonds		—		4,998		—		4,998
U.S. Treasuries		—		162,747		—		162,747
Total marketable securities		—		167,745		—		167,745
Restricted cash equivalents
Money market funds		2,413		—		—		2,413
Total	$	38,023	$	167,745	$	—	$	205,768

	December 31, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	46,981	$	—	$	—	$	46,981
Marketable securities
Corporate bonds		—		4,945		—		4,945
U.S. Treasuries		—		167,594		—		167,594
Total marketable securities		—		172,539		—		172,539
Restricted cash equivalents
Money market funds		2,413		—		—		2,413
Total	$	49,394	$	172,539	$	—	$	221,933