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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Major Categories of Assets and Liabilities Measured at Fair Value on Recurring Basis

Included in the following tables are the Company’s major categories of assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021:

 

 

 

December 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

 

 

$

 

 

$

 

Certificates of deposit

 

$

 

 

$

25,000

 

 

$

 

 

$

25,000

 

U.S. treasury securities

 

$

 

 

$

169,610

 

 

$

 

 

$

169,610

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

 

 

$

311,679

 

 

$

 

 

$

311,679

 

Certificates of deposit

 

$

 

 

$

 

 

$

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

 

 

$

1,335

 

 

$

 

 

$

1,335