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Marketable Securities

12 Months Ended

Dec. 31, 2021

Marketable Securities

Marketable Securities

4. Marketable Securities

The following table summarizes the Company’s investments as of December 31, 2021 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Estimated

​

Cost

Gains

Losses

Fair Value

Marketable securities available-for-sale:

​

​

​

​

​

​

​

​

​

U.S. Treasury obligations

​

$

40,194

​

​

—

​

​

(35)

​

$

40,159

Total available-for-sale securities

​

$

40,194

​

$

—

​

$

(35)

​

$

40,159

​

The following table summarizes the Company’s investments as of December 31, 2020 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Estimated

​

Cost

Gains

Losses

Fair Value

Marketable securities available-for-sale:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury obligations

​

$

180,675

​

$

7

​

$

(9)

​

$

180,673

Total available-for-sale securities

​

$

180,675

​

$

7

​

$

(9)

​

$

180,673

​

The aggregate fair value of marketable securities with unrealized losses was $30.2 million and $45.7 million at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, 3 investments and 5 investments, respectively, were in an unrealized loss position. All such investments have been in an unrealized loss position for less than a year and these losses are considered temporary. The Company has the ability and intent to hold these investments until a recovery of their amortized cost, which may not occur until maturity.

X

- 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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