Investments (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 (in thousands):

	Fair Value Hierarchy	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Cash Equivalents		Marketable Securities
Money market funds	Level 2	$	5,011	$	–	$	–		$	5,011	$	5,011	$	–
Time deposits	Level 2		26,289		38		(1	)		26,326		–		26,326
Commercial paper	Level 2		63,624		62		(322	)		63,364		1,289		62,075
Asset backed securities	Level 2		1,134		–		–			1,134		–		1,134
Government bonds	Level 2		48,368		6		(25	)		48,349		21,828		26,521
Corporate debt securities	Level 2		128,769		147		(55	)		128,861		308		128,553
Total		$	273,195	$	253	$	(403	)	$	273,045	$	28,436	$	244,609

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 March 31, 2024 (in thousands):

	March 31, 2024
Due in 1 year or less	$	253,599
Due in 1 year through 5 years		19,446
Total	$	273,045

Schedule of Investments Fair Values and Gross Unrealized Losses

The following table shows fair values and gross unrealized losses recorded to accumulated other comprehensive income, aggregated by category and the length of time that individual securities have been in a continuous loss position as of March 31, 2024 (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	$	2,496	$	(1	)	$	–	$	–	$	2,496	$	(1	)
Commercial paper		17,714		(322	)		–		–		17,714		(322	)
Asset backed securities		664		–			–		–		664		–
Government bonds		7,884		(25	)		–		–		7,884		(25	)
Corporate debt securities		34,418		(55	)		–		–		34,418		(55	)
Total	$	63,176	$	(403	)	$	–	$	–	$	63,176	$	(403	)