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Short-Term Investments (Tables)
3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Estimated Fair Value of Marketable Securities

The following tables summarize the amortized cost and estimated fair value of the Company’s U.S. government treasury securities and marketable securities, which are considered to be available-for-sale investments and are included in short-term investments on the consolidated balance sheets:

 

 

 

March 31, 2024

 

(in thousands)

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government treasury securities

 

$

54,495

 

 

$

4

 

 

$

(8

)

 

$

54,491

 

Totals

 

$

54,495

 

 

$

4

 

 

$

(8

)

 

$

54,491

 

 

 

 

December 31, 2023

 

(in thousands)

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government treasury securities

 

 

93,749

 

 

 

73

 

 

 

 

 

$

93,822

 

Totals

 

$

93,749

 

 

$

73

 

 

$

 

 

$

93,822