Investments

6 Months Ended

Jun. 30, 2023

Investments [Abstract]

Investments

Note 3: Investments

Cash equivalents and marketable securities are measured at fair value and within Level 2 in the fair value hierarchy, because we use quoted market prices to the extent available or alternative pricing sources and models utilizing market observable inputs to determine fair value.

The following tables summarize our cash equivalents and marketable securities measured at fair value on a recurring basis as of June 30, 2023 (in thousands):

	Fair Value Hierarchy	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Cash Equivalents		Marketable Securities
Money market funds	Level 2	$	377	$	–	$	–		$	377	$	377	$	–
Time deposits	Level 2		30,516		–		(39	)		30,477		–		30,477
Commercial paper	Level 2		122,429		2		(355	)		122,076		–		122,076
Government bonds	Level 2		12,500		–		(43	)		12,457		–		12,457
Corporate debt securities	Level 2		37,615		2		(52	)		37,565		–		37,565
Total		$	203,437	$	4	$	(489	)	$	202,952	$	377	$	202,575

The following table shows the fair value of the Company’s cash equivalents and marketable securities, by contractual maturity, as of June 30, 2023 (in thousands):

	June 30, 2023
Due in 1 year or less	$	195,452
Due in 1 year through 5 years		7,500
Total	$	202,952