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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Company's Financial Assets

The fair value of the Company’s financial assets by level within the fair value hierarchy were as follows (in thousands):

 

June 30, 2023

 

 

Level 1

 

Level 2

 

Level 3

 

Money market fund (cash equivalent)

$

287,011

 

$

 

$

 

Money market fund (long-term restricted cash)

 

2,501

 

 

 

Marketable securities:

 

 

 

 

 

 

   Commercial paper

 

 

104,027

 

 

   Corporate debt

 

 

21,308

 

 

   Government agency

 

 

77,484

 

 

Total assets measured at fair value

$

289,512

 

$

202,819

 

$

 

 

 

December 31, 2022

 

 

Level 1

 

Level 2

 

Level 3

 

Money market fund (cash equivalent)

$

57,697

 

$

 

$

 

Money market fund (long-term restricted cash)

 

2,501

 

 

 

Marketable securities:

 

 

 

 

 

 

   Commercial paper

 

 

129,810

 

 

   Corporate debt

 

 

11,866

 

 

   Government agency

 

 

48,980

 

 

Total assets measured at fair value

$

60,198

 

$

190,656

 

$