FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2023

FAIR VALUE MEASUREMENTS

Schedule of Fair value of cash equivalents and marketable securities

The fair-value hierarchy of the Company’s cash equivalents and marketable securities at September 30, 2023 and December 31, 2022, was as follows:

	Fair Value Measurement at
	September 30, 2023
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	39,539	$	—	$	39,539
Corporate securities		261,896		—		261,896
Money market funds		781		781		—
Total	$	302,216	$	781	$	301,435

	Fair Value Measurement at
	December 31, 2022
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	58,683	$	—	$	58,683
Corporate securities		248,441		—		248,441
Money market funds		363		363		—
Total	$	307,487	$	363	$	307,124