Investments (Tables)

12 Months Ended

Dec. 31, 2023

Investments [Abstract]

Schedule of Cash, Cash Equivalents and Marketable Securities

The following tables summarize our cash equivalents and marketable securities measured at fair value on a recurring basis as of December 31, 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	$	4,450	$	–	$	–		$	4,450	$	4,450	$	–
Time deposits	Level 2		23,628		73		–			23,701		330		23,371
Commercial paper	Level 2		126,307		143		(28	)		126,422		996		125,426
Government bonds	Level 2		23,014		15		(13	)		23,016		–		23,016
Corporate debt securities	Level 2		132,323		314		(7	)		132,630		2,142		130,488
Total		$	309,722	$	545	$	(48	)	$	310,219	$	7,918	$	302,301

Summary of Scheduled Maturity for Marketable Securities

The following table shows the fair value of the Company’s cash equivalents and marketable securities, by contractual maturity, as of December 31, 2023 (in thousands):

	December 31, 2023
Due in 1 year or less	$	310,210
Due in 1 year through 5 years		–
Total	$	310,210

Schedule of Investments Fair Values and Gross Unrealized Losses

The following table shows fair values and gross unrealized losses recorded to accumulated other comprehensive loss, aggregated by category and the length of time that individual securities have been in a continuous loss position as of December 31, 2023 (in thousands):

	Less than 12 months					12 Months or Greater				Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Time deposits	$	–	$	–		$	–	$	–	$	–	$	–
Commercial paper		52,783		(28	)		–		–		52,783		(28	)
Government bonds		9,986		(13	)		–		–		9,986		(13	)
Corporate debt securities		16,078		(7	)		–		–		16,078		(7	)
Total	$	78,847	$	(48	)	$	–	$	–	$	78,847	$	(48	)