v3.24.0.1
Cash, cash equivalents, and short-term marketable securities
12 Months Ended
Dec. 31, 2023
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents, and short-term marketable securities Cash, cash equivalents, and short-term marketable securities
Cash and cash equivalents
The following table summarizes the Company's cash, cash equivalents, and restricted cash as of December 31, 2023 and 2022.
(in thousands)Year Ended
December 31, 2023
Year Ended
December 31, 2022
Beginning
of period
End
of period
Beginning
of period
End
of period
Cash and cash equivalents$128,885 $174,561 $177,947 $128,885 
Restricted cash included in other assets, noncurrent478 478 478 478 
Total cash, cash equivalents and restricted cash per statement of cash flows$129,363 $175,039 $178,425 $129,363 
Marketable securities
The following table summarizes the Company's marketable securities held at December 31, 2023 and 2022.

December 31, 2023
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Marketable securities
U.S. treasury securities$29,535 $13 $— $29,548 
U.S. government agency securities4,977 — (2)4,975 
$34,512 $13 $(2)$34,523 

December 31, 2022
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Marketable securities
U.S. treasury securities$107,964 $7 $(161)$107,810 
U.S. government agency securities44,016 24 (23)44,017 
Total$151,980 $31 $(184)$151,827 

All of the Company's marketable securities are due within one year or less. The Company did not realize any gains or losses on the sale of marketable securities during the years ended December 31, 2023 and 2022, and, as a result, the Company did not reclassify any amounts out of accumulated comprehensive loss.

As of December 31, 2023, the Company's debt security portfolio consisted of one security that was in an unrealized loss position and had an aggregate fair value of $5.0 million. There were no securities in an unrealized loss position for greater than 12 months as of December 31, 2023. The unrealized losses on the Company's marketable securities were caused by market interest rate increases. The Company has the intent and ability to hold such securities until recovery. The Company did not record any charges for credit-related impairments for its marketable securities during the years ended December 31, 2023 and 2022.