Cash, Cash Equivalents, and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023 and December 31, 2022:

	As of June 30, 2023
	Adjusted Cost		Allowance for Credit Losses		Total Unrealized Gains		Total Unrealized Losses		Fair Value		Cash and Cash Equivalents		Marketable Securities
(in thousands)
Cash	$	247,365	$	—	$	—	$	—	$	247,365	$	247,365	$	—
Level 1:
Money market funds	38,756		—		—		—		38,756		38,756		—
Subtotal	38,756		—		—		—		38,756		38,756		—
Level 2:
U.S. treasury securities	75,942		—		—		(578)		75,364		—		75,364
Subtotal	75,942		—		—		(578)		75,364		—		75,364
Total	$	362,063	$	—	$	—	$	(578)	$	361,485	$	286,121	$	75,364

	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