The Company held certain assets that are required to be measured at fair value on a recurring basis as of December 31, 2022, as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurement as of December 31, 2022 Using | | (in thousands) | Total Fair Value | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant Other
Observable Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | U.S. Treasury and government agencies | $ | 177,170 | | | $ | 177,170 | | | $ | — | | | $ | — | | | Corporate debt | 154,660 | | | — | | | 154,660 | | | — | | | | | | | | | | | Total assets measured at fair value | $ | 331,830 | | | $ | 177,170 | | | $ | 154,660 | | | $ | — | |
The Company held certain assets that are required to be measured at fair value on a recurring basis as of December 31, 2021, as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurement as of December 31, 2021 Using | | (in thousands) | Total Fair Value | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant Other
Observable Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | U.S. Treasury and government agencies | $ | 194,719 | | | $ | 194,719 | | | $ | — | | | $ | — | | | Corporate debt | 186,023 | | | — | | | 186,023 | | | — | | | | | | | | | | | Total assets measured at fair value | $ | 380,742 | | | $ | 194,719 | | | $ | 186,023 | | | $ | — | |
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