Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2023

INVESTMENT SECURITIES

Debt Securities, Available-for-Sale

The amortized cost, gross unrealized gains, gross unrealized losses, and fair value of the Company’s marketable securities by major security type were as follows (in thousands):

As of September 30, 2023	Amortized cost		Unrealized Gains		Unrealized Losses		Fair Value
Commercial paper	$	75,934	$	—	$	(55)	$	75,879
U.S. Treasuries		16,195		1		(1)		16,195
U.S. Government agency bonds		24,109		6		(50)		24,065
Corporate bonds		35,729		—		(142)		35,587
Total marketable securities	$	151,967	$	7	$	(248)	$	151,726
Marketable securities are reported in the following Consolidated Balance Sheets captions:
Cash and cash equivalents							$	25,277
Marketable securities								126,449
Total marketable securities							$	151,726

Unrealized Gain (Loss) on Investments

The following table shows the gross unrealized losses and fair value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by major security type and length of time that the individual securities have been in a continuous unrealized loss position (in thousands):

		Less Than 12 Months
As of September 30, 2023	Fair Value		Unrealized Losses
Commercial paper	$	75,879	$	(55)
U.S. Treasuries		5,940		(1)
U.S. Government agency bonds		13,328		(50)
Corporate bonds		35,587		(142)
Total	$	130,734	$	(248)

Investments Classified by Contractual Maturity Date

The following table summarizes the contractual maturities of the Company’s marketable securities (in thousands):

As of September 30, 2023	Amortized cost		Fair Value
Due within one year	$	110,743	$	110,670
Due in one to two years		41,224		41,056
Total	$	151,967	$	151,726