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Investments

3 Months Ended

Mar. 31, 2022

Investments

Investments

3. Investments

As of March 31, 2022, the Company had investments of $62,396, classified as available-for-sale securities. As of December 31, 2021, the Company had no investments.

As of March 31, 2022, the Company had available-for-sale investments comprised of the following:

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As of March 31, 2022

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Gross

Gross

Estimated

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Adjusted

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Unrealized

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Unrealized

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Fair

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Cost

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Gains

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(Losses)

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Value

Corporate bonds

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$

30,468

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$

1

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$

(315)

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$

30,154

Commercial paper

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32,349

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—

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(107)

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32,242

Total investments

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$

62,817

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$

1

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$

(422)

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$

62,396

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For the three months ended March 31, 2022, the net unrealized losses were $323, net of taxes. Available-for-sale debt securities are carried at fair value on the consolidated balance sheets. The Company estimates the lifetime expected credit losses for all available-for sale debt securities in an unrealized loss position. If our assessment indicates that an expected credit loss exists, we determine the portion of the unrealized loss attributable to credit deterioration and record a reserve for the expected credit loss in the allowance for credit losses in technology and academic services in our consolidated income statements.

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Available-for-sale securities maturing as of December 31:	​	​	​
2022 (Remainder of year)	​	$	48,136
2023	​	​	5,400
2024	​	​	6,835
2025	​	​	2,025
Total	​	$	62,396

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- References

No definition available.

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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)

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