XML 38 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of valuation of the company's investments and financial instruments that are measured at fair value on a recurring basis
The following table summarizes the valuation of the Company’s financial instruments that are measured at fair value on a recurring basis:

 June 30, 2023December 31, 2022
  Fair value measurement category Fair value measurement category
(In thousands)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Money market funds$7,620 $7,620 $— $— $1,262 $1,262 $— $— 
Commercial paper12,479 — 12,479 — 15,606 — 15,606 — 
Corporate notes43,372 — 43,372 — 51,328 — 51,328 — 
U.S. government securities (a)
22,382 — 22,382 — — — — — 
U.S. government agency bonds (b)
17,467 — 17,467 — 27,976 — 27,976 — 
$103,320 $7,620 $95,700 $— $96,172 $1,262 $94,910 $— 

(a) Approximately $19.9 million of U.S. government securities had an original maturity of 90 days or less and were recorded as a cash equivalent as of June 30, 2023.

(b) Approximately $6.5 million of U.S. government agency bonds had an original maturity of 90 days or less and were recorded as a cash equivalent as of December 31, 2022.