Marketable Securities and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Debt Securities [Abstract]

Summary of Marketable Securities

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

	June 30, 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	$	234,436	$	15	$	(3,642)	$	230,809	$	255,613	$	60	$	(3,240)	$	252,433
U.S. Treasury notes	151,042		—		(2,798)		148,244		151,873		—		(2,306)		149,567
Other	10,000		—		(7)		9,993		9,975		—		(74)		9,901
	$	395,478	$	15	$	(6,447)	$	389,046	$	417,461	$	60	$	(5,620)	$	411,901

The following table summarizes the Company’s marketable securities maturity as of June 30, 2023 (in thousands):

Year	Amortized Cost		Fair Value
2023	$	63,765	$	63,474
2024	137,470		135,271
2025	170,573		166,946
2026	23,670		23,355
	$	395,478	$	389,046

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):

	June 30, 2023						December 31, 2022
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Marketable securities:
Corporate debt securities	$	—	$	230,809	$	—	$	—	$	252,433	$	—
U.S. Treasury notes	148,244		—		—		149,567		—		—
Other	9,993		—		—		9,901		—		—
	$	158,237	$	230,809	$	—	$	159,468	$	252,433	$	—