Cash, Cash Equivalents, and Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Investments

The following table shows the Company’s cash, cash equivalents, and marketable securities by significant investment category as of March 31, 2023 and December 31, 2022:

	As of March 31, 2023
	Adjusted Cost		Allowance for Credit Losses		Total Unrealized Gains		Total Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities
(in thousands)
Cash	$	191,390	$	—	$	—	$	—	$	191,390	$	191,390	$	—
Level 1:
Money market funds	40,931		—		—		—		40,931		40,931		—
Subtotal	40,931		—		—		—		40,931		40,931		—
Level 2:
U.S. treasury securities	75,162		—		—		(151)		75,011		—		75,011
Subtotal	75,162		—		—		(151)		75,011		—		75,011
Total	$	307,483	$	—	$	—	$	(151)	$	307,332	$	232,321	$	75,011

	As of December 31, 2022
	Adjusted Cost		Allowance for Credit Losses		Total Unrealized Gains		Total Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities
(in thousands)
Cash	$	155,459	$	—	$	—	$	—	$	155,459	$	155,459	$	—
Level 1:
Money market funds	69,484		—		—		—		69,484		69,484		—
Subtotal	69,484		—		—		—		69,484		69,484		—
Level 2:
U.S. treasury securities	74,659		—		—		(403)		74,256		—		74,256
Subtotal	74,659		—		—		(403)		74,256		—		74,256
Total	$	299,602	$	—	$	—	$	(403)	$	299,199	$	224,943	$	74,256