Cash Equivalents, Restricted Cash And Investments (Tables)

12 Months Ended

Dec. 31, 2022

Cash and Cash Equivalents [Abstract]

Summary of Unrealized Gains and Losses and Estimated Fair Value of Cash Equivalents and Investments

The following table summarizes the Company’s unrealized gains and losses and estimated fair value of cash equivalents, restricted cash and investments in available-for-sale securities recorded in the consolidated balance sheets (in thousands):

	AS OF DECEMBER 31, 2022									AS OF DECEMBER 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Cash and money market funds	$	46,367	$	—	$	—		$	46,367	$	123,690	$	—	$	—		$	123,690
Commercial paper		130,141		—		(443	)		129,698		203,628		—		(21	)		203,607
Corporate notes and bonds		277,184		19		(5,993	)		271,210		80,060		2		(109	)		79,953
Municipal bonds		9,905		—		(273	)		9,632		2,000		—		—			2,000
US government and agency		83,556		23		(688	)		82,891		193,347		1		(20	)		193,328
Total cash equivalents, restricted cash and investments	$	547,153	$	42	$	(7,397	)	$	539,798	$	602,725	$	3	$	(150	)	$	602,578

Schedule of Cash and Cash Equivalent and Investment in Available for Sale Securities

The estimated fair value of the Company’s cash equivalents, restricted cash and investments in available-for-sale securities as of December 31, 2022, aggregated by investment category and classified by contractual maturity date, is as follows (in thousands):

	1 Year or Less		1 Year or Greater		Total
Cash and money market funds	$	44,367	$	2,000	$	46,367
Commercial paper		129,698		—		129,698
Corporate notes and bonds		120,447		150,763		271,210
Municipal bonds		4,911		4,721		9,632
US government and agency		56,374		26,517		82,891
Total	$	355,797	$	184,001	$	539,798