Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Summarizes of fair value assets

The following table summarizes, for financial assets measured at fair value, the respective fair value and classification by level of input within the fair value hierarchy (in thousands):

		As of December 31, 2022
		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses				Estimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds	$		168,730	$		—	$		—		$		168,730
Level 2:
Available-for-sale securities
U.S. governmental securities			83,942			—			(754	)			83,188
Total	$		252,672	$		—	$		(754	)	$		251,918

Included in “Cash and cash equivalents” in the Company's consolidated balance sheet as of December 31, 2022, in addition to cash of $49.8 million.

Schedule of available for sale securities reconciliation

The fair value of the Company's available-for-sale securities as of December 31, 2022, by remaining contractual maturities, was as follows (in thousands):

	As of December 31, 2022
Due in one year or less	$	11,971
Due in greater than one year		71,217
Total	$	83,188