Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value

The following table sets forth the Company’s financial instruments that are measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

				As of June 30, 2023
	Balance Sheet Location	Total		Level 1		Level 2		Level 3
Financial Assets:
Money market funds(1)	Cash and cash equivalents	$	533,219	$	533,219	$	—	$	—
Interest rate swap	Prepaid expenses and other current assets	$	5,725	$	—	$	5,725	$	—
Total financial assets		$	538,944	$	533,219	$	5,725	$	—

				As of December 31, 2022
	Balance Sheet Location	Total		Level 1		Level 2		Level 3
Financial Assets:
Money market funds(1)	Cash and cash equivalents	$	604,399	$	604,399	$	—	$	—
Interest rate swaps	Prepaid expenses and other current assets	$	7,319	$	—	$	7,319	$	—
Total financial assets		$	611,718	$	604,399	$	7,319	$	—

(1) Includes balances in money market deposit accounts of $453.3 million and $524.2 million as of June 30, 2023 and December 31, 2022, respectively.