FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2023

FAIR VALUE MEASUREMENTS

Fair Value of Cash Equivalents and Marketable Securities

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

	Fair Value Measurement at
	December 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	$	20,275	$	—	$	20,275
Corporate securities		246,922		—		246,922
Money market funds		491		491		—
Total	$	267,688	$	491	$	267,197

	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