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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis Within Fair Value Hierarchy
Financial assets measured at fair value on a recurring basis within the fair value hierarchy are summarized as follows (in thousands):
September 30, 2024
Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$326,137 $— $— $326,137 
U.S. treasury securities23,106 — — 23,106 
Commercial paper— 19,348 — 19,348 
Corporate notes and obligations— 6,572 — 6,572 
Marketable securities:
U.S. treasury securities133,754 — — 133,754 
Commercial paper— 36,080 — 36,080 
Corporate notes and obligations— 200,099 — 200,099 
Strategic investments:
Investments in available-for-sale debt securities— — 368 368 
Total$482,997 $262,099 $368 $745,464 

December 31, 2023
Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$303,452 $— $— $303,452 
Marketable securities:
U.S. treasury securities128,576 — — 128,576 
Commercial paper— 47,381 — 47,381 
Corporate notes and obligations— 139,680 — 139,680 
Time deposits— 4,524 — 4,524 
Strategic investments:
Investments in available-for-sale debt securities
— — 362 362 
Total$432,028 $191,585 $362 $623,975