Marketable Securities and Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Debt Securities [Abstract]

Summary of Marketable Securities

The following table summarizes the Company’s marketable securities (in thousands):

	March 31, 2023									December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Marketable securities:
Corporate debt securities	$	264,656	$	235	$	(2,473	)	$	262,418	$	255,613	$	60	$	(3,240	)	$	252,433
U.S. Treasury notes		151,504		26		(1,399	)		150,131		151,873		—		(2,306	)		149,567
Other		9,996		—		(53	)		9,943		9,975		—		(74	)		9,901
	$	426,156	$	261	$	(3,925	)	$	422,492	$	417,461	$	60	$	(5,620	)	$	411,901

Summarizes Marketable Securities Maturity Table Text Block

The following table summarizes the Company’s marketable securities maturity as of March 31, 2023 (in thousands):

Year	Amortized Cost		Fair Value
2023	$	106,332	$	105,734
2024		144,995		143,289
2025		162,986		161,654
2026		11,843		11,815
	$	426,156	$	422,492

Summary of Fair Value Assets Measured on Recurring Basis

The table below summarizes the Company’s financial instruments measured at fair value on a recurring basis (in thousands):

	March 31, 2023						December 31, 2022
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Marketable securities:
Corporate debt securities	$	—	$	262,418	$	—	$	—	$	252,433	$	—
U.S. Treasury notes		150,131		—		—		149,567		—		—
Other		9,943		—		—		9,901		—		—
	$	160,074	$	262,418	$	—	$	159,468	$	252,433	$	—