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Investments | 12 Months Ended
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Dec. 31, 2021
Investments Debt And Equity Securities [Abstract] |
Investments |
7) | Investments
The following table shows the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments:
As of December 31, 2021: |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and certificates of deposit |  | $ | 22.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 22.0 |
Bankers' acceptance drafts |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.5 |
Commercial paper |  |  | 41.8 |  |  |  | — |  |  |  | — |  |  |  | 41.8 |
U.S. treasury obligations |  |  | 11.5 |  |  |  | — |  |  |  | — |  |  |  | 11.5 |
U.S. agency obligations |  |  | 0.6 |  |  |  | — |  |  |  | — |  |  |  | 0.6 |
|  | $ | 76.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 76.4 |
As of December 31, 2021: |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Group insurance contracts |  | $ | 5.3 |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 6.2 |
As of December 31, 2020: |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and certificates of deposit |  | $ | 0.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.7 |
Bankers' acceptance drafts |  |  | 3.8 |  |  |  | — |  |  |  | — |  |  |  | 3.8 |
U.S. treasury obligations |  |  | 223.2 |  |  |  | — |  |  |  | — |  |  |  | 223.2 |
|  | $ | 227.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 227.7 |
As of December 31, 2020: |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |
Long-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Group insurance contracts |  | $ | 5.6 |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 6.5 |
The tables above, which show the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments as of December 31, 2021 and 2020, reflect the inclusion within short-term investments of investments with contractual maturities greater than one year from the date of purchase. Management has the ability, if necessary, to liquidate any of its investments in order to meet the Company’s liquidity needs in the next 12 months. Accordingly, those investments with contractual maturities greater than one year from the date of purchase are classified as short-term on the accompanying balance sheets. Interest income is accrued as earned. Dividend income is recognized as income on the date the security trades “ex-dividend.” Realized gains or losses are reflected in income and were not material in 2021, 2020 and 2019.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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