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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements of Cash Equivalents and Available-for-Sale Investment Securities
The fair value measurements of the Company’s cash equivalents and available-for-sale investment securities are identified in the following tables (in thousands):
Fair Value Measurements at
Reporting Date Using
June 30,
2023
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Money Market Funds$5,319 $5,319 $ $ 
U.S. Government Agency Securities218,375  218,375  
FDIC Certificates of Deposit5,074  5,074  
Certificates of Deposit65,000  65,000  
Commercial Paper74,334  74,334  
Corporate Notes/Bonds87,750  87,750  
$455,852 $5,319 $450,533 $ 
Fair Value Measurements at
Reporting Date Using
December 31,
2022
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Money Market Funds$12,203 $12,203 $— $— 
U.S. Government Agency Securities186,750 — 186,750 — 
FDIC Certificates of Deposit4,086 — 4,086 — 
Certificates of Deposit7,500 — 7,500 — 
Commercial Paper100,445 — 100,445 — 
Corporate Notes/Bonds187,448 — 187,448 — 
$498,432 $12,203 $486,229 $—