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Financial Instruments - (Tables)
6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Fair Value of Available-for-Sale Securities

The following table summarizes the amortized cost and fair value of available-for-sale securities (in thousands):

 

 

 

Maturity

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair Value

 

At June 30, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

1 year or less

 

$

25,053

 

 

$

 

 

$

 

 

$

25,053

 

U.S. government agency securities and treasuries

 

1 year or less

 

 

207,349

 

 

 

2

 

 

 

(84

)

 

 

207,267

 

Total

 

 

 

$

232,402

 

 

$

2

 

 

$

(84

)

 

$

232,320

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

1 year or less

 

$

37,590

 

 

$

 

 

$

 

 

$

37,590

 

U.S. government agency securities and treasuries

 

1 year or less

 

 

167,604

 

 

 

158

 

 

 

(32

)

 

 

167,730

 

Total

 

 

 

$

205,194

 

 

$

158

 

 

$

(32

)

 

$

205,320