Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements, Recurring and Nonrecurring

The carrying value and fair value, by fair value hierarchy, of the Company’s financial instruments at March 31, 2024, and December 31, 2023 are as follows (in thousands):

			Fair Value Measurements at March 31, 2024
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
	Fair Value at		Identical		Observable		Unobservable
	March 31,		Assets		Inputs		Inputs
	2024		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents (1)	$	270,642	$	270,642	$	—	$	—

			Fair Value Measurements at December 31, 2023
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
	Fair Value at		Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2023		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents (1)	$	298,349	$	298,349	$	—	$	—

(1) Cash and cash equivalents includes $258.2 million and $283.2 million invested in U.S. government money market funds as of March 31, 2024 and December 31, 2023, respectively.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The carrying values and estimated fair values of the 2021 Bonds as of March 31, 2024, are summarized as follows (in thousands):

	Carrying		Estimated
	Value		Fair Value
2021 Bonds	$	68,155	$	66,482