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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments that were Measured at Fair Value by Level within the Fair Value Hierarchy on a Recurring Basis
The following table sets forth the Company’s financial instruments that were measured at fair value by level within the fair value hierarchy on a recurring basis as of the dates indicated (in thousands):
As of December 31, 2023
Balance Sheet LocationTotalLevel 1Level 2Level 3
Financial Assets:
Money market deposit accounts
Cash and cash equivalents$1,352 $1,352 $— $— 
Total financial assets$1,352 $1,352 $— $— 
As of December 31, 2022
Balance Sheet LocationTotalLevel 1Level 2Level 3
Financial Assets:
Money market funds1
Cash and cash equivalents$604,399 $604,399 $— $— 
Interest rate swapPrepaid expenses and other current assets7,319 — 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.