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Short-Term Investments and Cash Equivalents
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Short-Term Investments and Cash Equivalents Short-Term Investments and Cash Equivalents
The following table summarizes the Company's short-term investments (in thousands):
As of March 31, 2023
Maturity (In Years)Amortized CostUnrealized GainsUnrealized LossesFair Value
Money market funds$23,654 $— $— $23,654 
U.S. government treasury billsLess than 150,101 — (26)50,075 
Commercial paperLess than 147,233 — — 47,233 
Corporate bondsLess than 14,280 — (20)4,260 
Government agencyLess than 115,545 14 — 15,559 
Total $140,813 $14 $(46)$140,781 
As of December 31, 2022
Maturity (In Years)Amortized CostUnrealized GainsUnrealized LossesFair Value
Money market funds$32,035 $— $— $32,035 
U.S. government treasury billsLess than 170,812 (108)70,708 
Commercial paperLess than 153,296 — — 53,296 
Corporate bondsLess than 14,276 — (26)4,250 
Government agencyLess than 15,272 15 — 5,287 
Total $165,691 $19 $(134)$165,576