Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the financial assets (cash, cash equivalents, restricted cash and investments) measured at fair value on a recurring basis:

	June 30, 2024
(in thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Cash, cash equivalents and restricted cash	$	33,407	$	—	$	—	$	33,407
Corporate bonds	—		4,072		—		4,072
Commercial paper	—		15,575		—		15,575
Treasury bills	—		183,122		—		183,122
Treasury bonds	—		94,498		—		94,498
Total financial assets	$	33,407	$	297,267	$	—	$	330,674

	December 31, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Cash, cash equivalents and restricted cash	$	48,875	$	—	$	—	$	48,875
Corporate bonds	—		33,781		—		33,781
Commercial paper	—		39,304		—		39,304
Treasury bills	—		122,806		—		122,806
Treasury bonds	—		105,924		—		105,924
Total financial assets	$	48,875	$	301,815	$	—	$	350,690