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Investments

3 Months Ended

Mar. 31, 2024

Investments

Investments

3. Investments

As of March 31, 2024 and December 31, 2023, the Company had investments of $94,485 and $98,031, respectively, classified as available-for-sale securities.

As of March 31, 2024, the Company had available-for-sale investments comprised of the following:

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As of March 31, 2024

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​

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Gross

Gross

Estimated

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​

Adjusted

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Unrealized

​

Unrealized

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Fair

​

​

Cost

​

Gains

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(Losses)

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Value

Corporate bonds

​

$

79,633

​

$

155

​

$

(295)

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$

79,493

Agency bonds

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​

15,001

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4

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(13)

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14,992

Total investments

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$

94,634

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$

159

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$

(308)

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$

94,485

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For the three months ended March 31, 2024 and 2023, the net unrealized losses and gains were $56 and $119, respectively, 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. The Company has the ability and intent to hold these investments until recovery or maturity.

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Available-for-sale securities maturing as of December 31:	​	​	​
2024	​	$	50,632
2025	​	​	26,916
2026	​	​	9,747
2027	​	​	7,190
Total	​	$	94,485

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- References

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Regulation S-K (SK)
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-Topic 946
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-Name Accounting Standards Codification
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