Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023
	Balance Sheet Location	Total		Level 1		Level 2		Level 3
Financial Assets:
Money market deposit accounts	Cash and cash equivalents	$	1,332	$	1,332	$	—	$	—
Interest rate swap	Prepaid expenses and other current assets	$	1,606	$	—	$	1,606	$	—
Total financial assets		$	2,938	$	1,332	$	1,606	$	—


				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 $524.2 million as of December 31, 2022.