Marketable Securities

6 Months Ended

Jun. 30, 2020

In the period ended June 30, 2019, the Company held corporate bonds with maturities greater than three months at the time of purchase. These securities, which are classified as available-for-sale, are carried at fair value, with unrealized gains and losses, net of any tax effect, reported in stockholders’ equity as accumulated other comprehensive income/(loss). Amortization of premiums and discounts is included in interest income. As of June 30, 2020, all bonds previously held by the Company reached maturity. For the three and six months ended June 30, 2020 and 2019, the amortization of bond premiums totaled $0 and $0 compared to $88 and $218, respectively. The value of corporate bonds may fluctuate as a result of changes in market interest rates and credit risk.

As of June 30, 2020 and December 31, 2019, marketable securities consisted of certificates of deposit. These securities are classified as current based upon their maturities.

The schedule of maturities at June 30, 2020 and December 31, 2019 is as follows:


	Maturities as of June 30, 2020						Maturities as of December 31, 2019
	1 Year or Less		1 to 4 Years		1 Year or Less		1 to 4 Years

Certificates of deposit	$	38,837	$	—	$	40,521	$	—
Total	$	38,837	$	—	$	40,521	$	—

For the three and six months ended June 30, 2020, losses of $0 and $0 were reclassified from accumulated other comprehensive income and recognized in the Condensed Consolidated Statements of (Loss)/Income in interest and other income compared to losses of $5 and $5 for the comparable periods in 2019. As of June 30, 2020, there were no unrealized gains or losses, as all bonds previously held by the Company reached maturity. For the comparable period in 2019, current marketable securities included immaterial unrealized losses and no non-current marketable securities were held by the Company.