Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Company's Cash Equivalents and Marketable Securities

The following tables summarize the Company’s cash equivalents and marketable securities as of June 30, 2024 and December 31, 2023:

	June 30, 2024
	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Cash equivalents:
Money market funds	$	93,902	$	93,902	$	—	$	—
U.S. commercial paper		4,972		—		4,972		—
Total cash equivalents		98,874		93,902		4,972		—
Marketable securities:
U.S. government securities		84,508		—		84,508		—
U.S. corporate bonds		205,394		—		205,394		—
International corporate bonds		109,490		—		109,490		—
U.S. commercial paper		67,154		—		67,154		—
International commercial paper		45,109		—		45,109		—
U.S. certificates of deposit		2,203		—		2,203		—
U.S. municipal securities		33,034		—		33,034		—
Total marketable securities		546,892		—		546,892		—
	$	645,766	$	93,902	$	551,864	$	—

	December 31, 2023
	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Cash equivalents:
Money market funds	$	59,852	$	59,852	$	—	$	—
U.S. government securities		8,695		—		8,695		—
Total cash equivalents		68,547		59,852		8,695		—
Marketable securities:
U.S. government securities		166,925		—		166,925		—
U.S. corporate bonds		210,198		—		210,198		—
International corporate bonds		97,675		—		97,675		—
U.S. commercial paper		23,370		—		23,370		—
International commercial paper		46,900		—		46,900		—
U.S. certificates of deposit		8,830		—		8,830		—
U.S. municipal securities		128,294		—		128,294		—
Total marketable securities		682,192		—		682,192		—
	$	750,739	$	59,852	$	690,887	$	—