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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2022
Marketable Securities [Abstract]  
Summary of Available-for-Sale Debt Securities

The following table summarizes the available-for-sale debt securities held at December 31, 2022 and 2021 and (in thousands):

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

94,958

 

 

$

3

 

 

$

(1,111

)

 

$

93,850

 

US government agency securities

 

 

180,967

 

 

 

25

 

 

 

(1,873

)

 

 

179,119

 

Corporate securities

 

 

220,119

 

 

 

25

 

 

 

(2,014

)

 

 

218,130

 

Total

 

$

496,044

 

 

$

53

 

 

$

(4,998

)

 

$

491,099

 

 

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

186,700

 

 

$

 

 

$

(45

)

 

$

186,655

 

US government agency securities

 

 

79,657

 

 

 

 

 

 

(125

)

 

$

79,532

 

Corporate securities

 

 

253,929

 

 

 

1

 

 

 

(488

)

 

 

253,442

 

Total

 

$

520,286

 

 

$

1

 

 

$

(658

)

 

$

519,629