FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and December 31, 2023, was as follows:

	Fair Value Measurement at
	March 31, 2024
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	3,223	$	—	$	3,223
Corporate securities		242,444		—		242,444
Money market funds		9,457		9,457		—
U.S. government securities		1,000		1,000		—
Total	$	256,124	$	10,457	$	245,667

	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