FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

FAIR VALUE MEASUREMENTS

Schedule of Fair value of cash equivalents and marketable securities

The fair-value hierarchy of the Company’s cash equivalents and marketable securities at March 31, 2023 and December 31, 2022, was as follows:

	Fair Value Measurement at
	March 31, 2023
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	17,956	$	—	$	17,956
Corporate securities		264,439		—		264,439
Money market funds		13,279		13,279		—
Total	$	295,674	$	13,279	$	282,395

	Fair Value Measurement at
	December 31, 2022
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	58,683	$	—	$	58,683
Corporate securities		248,441		—		248,441
Money market funds		363		363		—
Total	$	307,487	$	363	$	307,124