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Short-Term Investments and Cash Equivalents
6 Months Ended
Jun. 30, 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 June 30, 2023
Maturity (In Years)Amortized CostUnrealized GainsUnrealized LossesFair Value
Money market funds$66,999 $— $— $66,999 
U.S. government treasury billsLess than 125,364 — (26)25,338 
Commercial paperLess than 121,356 — — 21,356 
Corporate bondsLess than 14,317 — (4)4,313 
Government agencyLess than 115,734 — (14)15,720 
Total $133,770 $— $(44)$133,726 
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