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Short-Term Investments | 9 Months Ended
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Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Short-Term Investments | 3. SHORT-TERM INVESTMENTS Short-term investments, which are classified as available-for-sale, consisted of the following:
Balance at September 30, 2022: |  | Amortized Cost Basis |  |  | Unrealized Loss |  |  | Fair Value |
|  | (in thousands) |
Treasury bills |  | $ | 5,999 |  |  | $ | (1 | ) |  | $ | 5,998 |
Commercial paper |  |  | 30,957 |  |  |  | — |  |  |  | 30,957 |
Corporate debt securities |  |  | 18,074 |  |  |  | (170 | ) |  |  | 17,904 |
Total short-term investments |  | $ | 55,030 |  |  | $ | (171 | ) |  | $ | 54,859 |
Balance at December 31, 2021: |  | Amortized Cost Basis |  |  | Unrealized Loss |  |  | Fair Value |
|  | (in thousands) |
Commercial paper |  | $ | 33,979 |  |  | $ | (1 | ) |  | $ | 33,978 |
Corporate debt securities |  |  | 11,953 |  |  |  | (4 | ) |  |  | 11,949 |
Total short-term investments |  | $ | 45,932 |  |  | $ | (5 | ) |  | $ | 45,927 |
As of September 30, 2022 and December 31, 2021, all investments had contractual maturities within one year. The amortized cost of available-for-sale securities is adjusted for amortization of premiums and accretion of discounts until maturity. Such amortization and accretion are included in interest income. There were no realized gains and losses recognized during the three and nine months ended September 30, 2022. The Company evaluates short-term investments for other-than-temporary impairment at the balance sheet date. Declines in fair value, if any, determined to be other-than-temporary are also included in other income, net. When assessing short-term investments for other-than-temporary declines in value, the Company considers such factors as, among other things, how significant the decline in value is as a percentage of the original cost, how long the market value of the investment has been less than its original cost, and the Company’s ability and intent to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair value and market conditions in general. The Company has the ability to hold its investments until maturity and generally does not intend to sell any investments prior to recovery of their amortized cost basis for any investment in an unrealized loss position. As of September 30, 2022 and December 31, 2021, there were no impairment charges on short-term investments.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI https://asc.fasb.org/topic&trid=75115024 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI https://asc.fasb.org/topic&trid=2197064 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI https://asc.fasb.org/topic&trid=2196965 + Details
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- References No definition available. + Details
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