v3.23.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value, Nonrecurring [Member]  
Schedule of Financial Instruments and the Related Fair Value Hierarchy of the Valuation Techniques Utilized

The following table presents the fair value of financial instruments recorded originally at amortized cost or fair value and not remeasured on a recurring basis (in thousands):

 

 

 

March 31, 2023

 

Balance Sheet Classification

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

Money market funds

$

640,544

 

 

$

—

 

 

$

—

 

 

$

640,544

 

Total Financial Assets

 

$

640,544

 

 

$

—

 

 

$

—

 

 

$

640,544

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

Balance Sheet Classification

Type of Instrument

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

Money market funds

$

527,728

 

 

$

—

 

 

$

—

 

 

$

527,728

 

Total Financial Assets

 

$

527,728

 

 

$

—

 

 

$

—

 

 

$

527,728