Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the financial assets (cash, cash equivalents, restricted cash and short-term investments) measured at fair value on a recurring basis:


						December 31, 2022
(in thousands)						Level 1						Level 2						Level 3						Total
Financial assets:
Cash, cash equivalents and restricted cash						$	94,172					$	—					$	—					$	94,172
U.S. agency security						—						4,948						—						4,948
Corporate bond						—						104,080						—						104,080
Commercial paper						—						125,187						—						125,187
Treasury bill						—						12,282						—						12,282
Treasury bond						—						42,220						—						42,220
Yankee bond						—						6,501						—						6,501
Total financial assets						$	94,172					$	295,218					$	—					$	389,390


						December 31, 2021
(in thousands)						Level 1						Level 2						Level 3						Total
Financial assets:
Cash, cash equivalents and restricted cash						$	231,900					$	—					$	—					$	231,900
Certificates of deposit						—						3,140						—						3,140
Corporate bond						—						21,820						—						21,820
Commercial paper						—						206,724						—						206,724
Treasury bill						—						2,494						—						2,494
Total financial assets						$	231,900					$	234,178					$	—					$	466,078