Fair value (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Measurements, Recurring and Nonrecurring

The following table summarizes certain fair value information as of March 31, 2024 and December 31, 2023 for financial assets and liabilities measured at fair value on a recurring basis, as well as estimated fair values of certain other financial assets and liabilities not measured on a recurring basis:


					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
	(in thousands)
March 31, 2024
Financial Assets:
Cash equivalents:
Money market funds	$	206,363	$	206,363	$	206,363	$	—	$	—
Short-term investments:
Time deposits	$	739	$	739	$	—	$	739	$	—
Long-term investments:
Marketable equity securities	$	731	$	731	$	731	$	—	$	—
Non-marketable equity securities	$	1,250

December 31, 2023
Financial Assets:
Cash equivalents:
Money market funds	$	204,388	$	204,388	$	204,388	$	—	$	—
Long-term investments:
Marketable equity securities	$	421	$	421	$	421	$	—	$	—
Non-marketable equity securities	$	1,250