Investment Securities (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

The Company’s investment securities as of December 31, 2020 and 2019, are presented below:


(In thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value(a)
2020
Fixed income securities:
Mortgage-backed securities	$	133	$	5	$	—	$	138
Asset-backed securities	211		—		1		210
Municipal bonds	195		2		—		197
Mutual fund	27,680		48		—		27,728
Pooled investment fund	9,000		—		—		9,000
Total investment securities(b)(c)	$	37,219	$	55	$	1	$	37,273
2019
Fixed income securities:
Mortgage-backed securities	$	164	$	10	$	—	$	174
Asset-backed securities	248		—		1		247
Municipal bonds	306		—		4		302
Mutual fund	25,221		—		484		24,737
Pooled investment fund	5,000		—		—		5,000
Total investment securities(b)(c)	$	30,939	$	10	$	489	$	30,460

(a) The Company’s techniques used to measure the fair value of its investments are discussed in Note 19, Fair Value.

(b) The Company’s investment securities are not deemed available for current operations and have been classified as non-current on the consolidated balance sheets.

(c)Excludes $9.6 million and $8.0 million in equity securities designated as trading as of December 31, 2020 and 2019, respectively, included in prepaid expenses and other current assets and other assets on the consolidated balance sheets. See Note 18, Employee Benefit Plans, for additional information.

Maturity Dates Of Available-For-Sale Securities

The contractual maturity dates of the Company’s investment securities are as follows:


	December 31,
	2020				2019
(In thousands)	Cost		Fair Value		Cost		Fair Value

Due after 5 years through year 10	$	236	$	236	$	278	$	277
Due after 10 years	170		171		276		272
Mortgage-backed securities with original maturities of 30 years	133		138		164		174
Investment securities with no maturity dates	36,680		36,728		30,221		29,737
Total	$	37,219	$	37,273	$	30,939	$	30,460