Cash and Investments in Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Cash and Investments in Marketable Securities, Including Cash Equivalents

Cash and investments in marketable securities, including cash equivalents, are as follows (in thousands):

	Estimated Fair Value at
	June 30, 2024		December 31, 2023
Cash and cash equivalents	$	27,940	$	35,277
Short-term investments		243,295		268,339
Long-term investments		19,405		25,825
Total cash and investments in marketable securities	$	290,640	$	329,441

Schedule of Portfolio of Cash and Investments in Marketable Securities

Our portfolio of cash and investments in marketable securities includes (in thousands):

		June 30, 2024									December 31, 2023
	Fair Value Hierarchy Level	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Fair Value
Corporate notes and bonds	2	$	88,822	$	3	$	(258	)	$	88,567	$	38,882
Corporate commercial paper	2		166,404		—		(257	)		166,147		255,241
Obligations of U.S. government agencies	2		3,482		—		(3	)		3,479		—
Available-for-sale investments		$	258,708	$	3	$	(518	)	$	258,193	$	294,123
Money market funds	1									8,059		2,359
Certificates of deposit	2									14,020		15,116
Cash	N/A									10,368		17,843
Total cash and investments in marketable securities									$	290,640	$	329,441