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Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2023
Marketable Securities [Abstract]  
Summary of Available-for-Sale Debt Securities

The following tables summarize the available-for-sale debt securities held at March 31, 2023 and December 31, 2022 (in thousands):

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

US treasury securities

 

$

73,589

 

 

$

4

 

 

$

(683

)

 

$

72,910

 

US government agencies

 

 

201,161

 

 

 

84

 

 

 

(1,359

)

 

 

199,886

 

Corporate securities

 

 

194,027

 

 

 

89

 

 

 

(1,170

)

 

 

192,946

 

Total

 

$

468,777

 

 

$

177

 

 

$

(3,212

)

 

$

465,742

 

 

Description

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

US treasury securities

 

$

94,958

 

 

$

3

 

 

$

(1,111

)

 

$

93,850

 

US government agencies

 

 

180,967

 

 

 

25

 

 

 

(1,873

)

 

 

179,119

 

Corporate securities

 

 

220,119

 

 

 

25

 

 

 

(2,014

)

 

 

218,130

 

Total

 

$

496,044

 

 

$

53

 

 

$

(4,998

)

 

$

491,099