Cash, Cash Equivalents, and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Investments

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

	As of December 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	$	44,809	$	—	$	—	$	—	$	44,809	$	44,809	$	—
Level 1:
Money market funds	97,378		—		—		—		97,378		97,378		—
Subtotal	97,378		—		—		—		97,378		97,378		—
Level 2:
U.S. treasury securities	102,411		—		541		—		102,952		—		102,952
Subtotal	102,411		—		541		—		102,952		—		102,952
Total	$	244,598	$	—	$	541	$	—	$	245,139	$	142,187	$	102,952

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

	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